Raleigh Durham-Wake County, NC
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Listing No.: 209-20244
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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 |
Lenwood Mills
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 |
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