Listing Number 10342

Keywords: Wholesale Oil, Fuel Oil, Diesel Fuel, Home Heating Oil, Hardware, Retail, and Pet & Farm Feed. SIC 51, 59, 5191 5983. This exceptional company boosts a superior image, exceptional quality of products and services, is located in one of the fastest growing metropolitan markets (Charlotte, NC) in the country, and is very well organized. Making the transition for a new owner into this company fairly simple for a new owner. The company was created approx. 50 years ago and was acquired by the current owners a little less the 10 years ago. Through the application of very sound business management and exceptional networking, the owners have built the business into a growing and increasingly profitable business. The company provides the following services: 1) Wholesale Oil by providing residential heating oil and diesel fuel to construction machinery sites. The home heating oil & diesel fuel markets provide the greatest area for growth within this company. 2) Retail Hardware, Landscape, and Pet Supplies: The majority of these products are sold on site to a very broad range of customers. Customers range from households, landscaping companies, animal enthusiasts, and farmers large and small. Due to the owners’ professionalism and solid reputation the opportunity for future growth is extremely high for an energetic buyer. The owner is willing to consider multiple owner financing options for a qualified buyer and would also be willing to sell or lease back the real estate to the new owner. This business has had an independent valuation performed on the company. The $72,039 down payment is based upon general bank requirements of the buyer putting down 20% on the business and the bank financing 80%. This business is available for referral and/or co-brokerage. * Exceptionally late start for the winter season in 2001. Normally home heating oil orders start in September or October but in 2001 orders didn’t start coming in until mid December. Due to this late start for the home heating oil season revenues were down considerably. If the home heating oil season started as normal the owners believe revenues would have been consistent or slightly higher than the 1999 revenue numbers.

Furniture, Fixtures, & Equipment:

$ 30,000

Asking Price:

$ 350,000

Vehicles and/or rolling stock:

$ 30,000

Down Payment:

$ 70,000

Inventory

$ 60,000

Accounts Receivable (if included)

$ 0

Annual Sales Volume

$ 583,067

Land & Building (if included)

$ 0

Cash Flow

$ 105,631*

Other Assets

$ 0

Current Liabilities to be assumed

$ 0

Current Notes to be assumed

$ 0