Listing ID: 83881
Business Overview
With over 50 years in business, we are pleased to offer for sale this business offering bulk tank construction, both above and below ground. Servicing petroleum equipment, tanker trucks, DOT inspections, etc. With an excellent reputation within the industry, repeat customers are not hard to find.
Over $1.6M in contracts signed with deposits received for new equipment this year already. Another $2.1M currently being quoted with high probability of award to to repeat customers.
Financial
- Asking Price: $4,390,000
- Cash Flow: N/A
- Gross Revenue: $4,068,261
- EBITDA: $995,906
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:32,000
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
Excellent central location allowing for Nationwide service
Seller willing to stay on for a negotiated period of time.
Retirement
The current market conditions coupled with the increasing environmental requirements mandating replacements/modifications for existing facilities creates a recipe for significant growth.
Additional Info
The company has 25-30 employees and is located in a building with estimated square footage of 32,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the real reason vs the one they say to you may be 2 entirely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a range of other reasons. This is why it is very essential that you not depend entirely on a vendor's word, yet instead, use the vendor's response in conjunction with your total due diligence. This will paint a more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily profits. Specific variables such as brand-new competitors sprouting up around the location, roadway construction, as well as staff turn over can influence repeat consumers as well as adversely influence future profits. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to construct a returning customer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the local median home income impact future revenue prospects?
