MergerPlace

Gas Service

North Carolina (Pasquotank)


  • Asking Price: Not Disclosed
  • Gross Income: $658,444
  • Cash Flow: $99,224
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $275,000
  • Listing ID: #203645
  • Established: 1983
  • Employees: 5 FT

Business Description

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.


Business Details

Primary Business Category: Wholesale Trade - Nondurable Goods
Location: North Carolina
County: Pasquotank

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT

Financial Information

Gross Revenue: $658,444
Cash Flow: $99,224
FF&E: $275,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The Real Estate includes 1 acre and one 1,500 sq ft office building and is available to lease.

Growth & expansion opportunities:

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.

Competition:

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.

Reason for selling:

The family ownership and management of the company are ready to retire.

Support & Training:

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.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Tully Ryan

Murphy Business Brokers