Propane and Fuel Distribution in Texas Hill Country
Location: Texas > Kimble County
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $990,000
Gross Revenue: $3,800,000
Gross Revenue Comments: Last Full Year 2007
Cash Flow: $166,000
Cash Flow Comments: Last Full Year 2007
Inventory: $90,000 (Included in Asking Price)
FF&E: $425,000 (Included in Asking Price)
Real Estate: $250,000 (Included in Asking Price)
Seller Financing: Owner will consider financing of 50% to well qualified buyer.
Business Summary
Propane and Fuel Distribution in Texas Hill Country with two locations and over 1000 clients. Real estate is included in asking price. $6+ million in sales and growing. Owner has 3 other locations that are not for sale. They are geographically distant from the operations listed. Owner will sign non competition agreement for the territories now serviced by listed operations.
About the Business
Year Established: 1960
Employees: 6 full time -
Facilities: 1) Downtown office on 1.74 acres with shop, warehouse and loading dock for refined fuel bulk storage and retail sales. 6 bulk storage tanks, fuel island, canopy, pumps, card reader, computers, tank loading facility with pumps included. 2) 4+ acre tract for the LPG bulk storage tanks totaling 25,000 gallons 3) 1.5 acres in second community with office, shop storage 30,000 gallon storage tank. 4) 42 LPG tanks and 380 refined fuel tanks. 1- tank relocation trailer; 1- Ditchwitch w/trailer; 1999 Chevrolet Flatbed with Autocrane; 1994 Ford LPG Bobtail; 1988 Ford LPG Bobtail; 1995 International Bobtail; 1995 Ford Refined Fuel Bobtail and 1991 Chevrolet Refined Fuel Bobtail.
Market Outlook and Competition: Ferrell Gas reaches out into some of our service areas. Two smaller companies operate in portions of our service area. New people are moving to the Texas Hill Country daily. They will all need propane and some will want refined fuel tanks on their ranchettes. A new owner could expand to a larger service area.
About the Sale
Management Training and Support: Current manager will assist in transition.
Reason For Selling: Owner has expanded into the other areas. The geographic distance of managing the locations for sale makes it prudent to sell them.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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