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Raleigh Durham-Wake County, NC

  • Listing No.: 209-20244

  • Category: Construction

Asking Price $499,000
Down Payment
Gross Revenue $659,205
Total Adjusted Net Income $167,652
Equipment / Fixtures $284,699
Year Established 2002
General Location Raleigh Durham-Wake County, NC
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We are a petroleum construction company operating out of the Raleigh area for 18 years. We install and maintain fueling systems for retail and commercial fueling sites. Project examples include convenience store fueling systems, marina fueling systems, tank burial and removal, and lubrication systems. We have an established customer base across North and South Carolina. We currently focus on the construction side of the business and have had a steady income from this focus for 18 years. Currently we are holding contracts through 3rd quarter, 2021. There is potential in the petroleum industry to become a petroleum equipment distributor as well. Our company has a strong reputation for industry knowledge, quality workmanship, reliability, and most importantly, integrity. We started the business from the ground-up and owning it has been a rewarding experience. It is now time to move to the next chapter in our lives. SBA Pre-Qualified

Gross Revenue $659,205 Listed Price $499,000
Total Income $167,652 Down Payment
Base Rent $1,500 Square Feet 2000
Total Rent $1,500 Lease Expiration 09/2020
Rent Deposit $1,500 Lease Options 1/ month to month
Inventory $6,800 Leasehold Improvements $0
Equipment / Fixtures $284,699 Other Assets Trailers, Skid Steer, Equipment, Tools totaling $40K
Full-Time Employees 4 Training Period 14 Days after closing
Part-Time Employees Special License Required NC Contractors License - Public Utilities Fuel Distribution
Contract Staff Reason for Selling Wants to retire and spend more time with family

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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