Fuel Company For Sale
Location New Jersey,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1270283
Net Profit / Cash Flow $193225
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1946
Number of Employees 6 - 9
Inventory 157351
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Retirement.
Description This company in Monmouth County, New Jersey, has been serving its area for 60 years. The family-owned business prides itself on quality service and installation of heating and air conditioning equipment for commercial and residential customers. The company also delivers, installs and services oil for commercial and residential customers. The business has deep ties to the community and enjoys an unprecedented number of repeat customers. It does very little advertising and gets new customers from referrals. The business has a reputation for dependable employees, quality work and great customer service.
A new owner could increase gross revenue by giving the business more organization, such as by holding monthly meetings with all the employees. A new owner also could hire additional employees to help the company capture more of the available work in the area.
The business leases three buildings that the sellers own and might be willing to sell with the business. The buildings, which contain an office, 3-bay garage and a warehouse, are a combined 10,000 sq ft. They are located in part of a redevelopment area on a major state highway. The business is in a well-populated and still-growing community. The city is in a prime location, less than 2 miles from the ocean and about 50 miles from New York City. Both owners would be willing to stay on after the business sale for as long as needed to facilitate a smooth transition. Contact for more information on this Fuel Company for sale.
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