Listing ID: 82477

Business Overview

With a 40% sales increase in 2021 over 2020, this business has multiple locations and attractive expansion areas. This region of Texas is experiencing tremendous population growth!

The Seller estimates 70% of their propane sales are for residential, with 30% commercial accounts. Their propane gross margins are super nice! The primary facility has a convenient bottle filling station on-site. The business also sells items which compliment fuel sales and provides extra profits year-around.

The Company features strong vendor relationships and superior customer service.
Sale price includes 12 total vehicles, and fuel storage for 90,000+ gallons. The management team has a strong reputation for industry knowledge, reliability, and safety. A close family member is a manager who will consider staying on with the Buyer. The Sellers’ family owns the real estate and is offering the properties for long-term leases at market rates.

Propane has a bright future! It is a safe, efficient, and reliable alternative to electricity that offers many advantages. It is a low carbon, clean-burning energy source that emits almost no air pollutants, and it is eco-friendly when compared to other fuels. Propane is less harmful to the environment than fuel oil. When burned, propane emissions easily meet the standards for clean air set by the EPA.

Inventory of approximately $500,000 and accounts receivable of approximately $200,000 must be purchased in addition to the asking price.

Hurry, there will be tremendous interest in this extraordinary opportunity!

Financial

  • Asking Price: $4,000,000
  • Cash Flow: $657,100
  • Gross Revenue: $4,438,500
  • EBITDA: N/A
  • FF&E: $2,000,000
  • Inventory: $500,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,200
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retirement

Additional Info

The transaction won't include inventory valued at $500,000*, which ins't included in the listing price.

The business has 13 employees and is located in a building with estimated square footage of 5,200 sq ft.
The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 absolutely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of other reasons. This is why it is extremely crucial that you not depend absolutely on a vendor's word, however rather, use the seller's answer in conjunction with your overall due diligence. This will repaint a much more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new customers? Many times, companies have repeat consumers, which form the core of their daily revenues. Particular factors such as brand-new competitors sprouting up around the location, road construction, and staff turnover can impact repeat clients and also adversely affect future earnings. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the regional median household income influence future income potential?