This Eastern North Carolina propane distributorship has been serving its customer base for over 30 years. During that time the company has become a part of the fabric of the community building a solid brand and loyalty. Acquisition of this company would bring a large quantity of assets as well as instant market share to a strategic buyer looking to expand geographically or improve route density.
The Real Estate includes 1 acre and one 1,500 sq ft office building and is available to lease.
The real opportunity is in the combination of two trends: industry consolidation and systemically higher prices/higher margins. U.S. propane companies have the potential to improve their margins. This will help compound the benefit of purchasing smaller competitors. Large, national providers are all increasing their scale by consolidating a fragmented market.
There are few local independent competitors in the market. Regional competition comes from large, national providers and are all increasing their scale by consolidating a fragmented market.
The family ownership and management of the company are ready to retire.
Will train for 2 weeks @ no cost. Route planning is important to control costs and to minimize miles traveled between customers. Currently, cell phones and dispatch support processes are used to manage deliveries.