Distribution and Transportation Seeks $1MM Equity or Mezzanine
Location: North Carolina > Asheville Charlotte market area
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $4,000,000
Gross Revenue: $3,600,000
Gross Revenue Comments: GM after product cost and tax
Cash Flow: $923,500
Cash Flow Comments: EBITDA for 2007
Inventory: $200,000 (Included in Asking Price)
FF&E: $1,000,000 (Included in Asking Price)
Seller Financing: Seller seeks partner to invest $1Mm as equity or as mezzanine debt with interest only payments and warrants for a portion of the company.
Business Summary
The Company is a distributor and transporter of oils, fuels and propane to wholesale, commercial and residential accounts. The company is over 20 years old and has grown EBITDA by 7% per year on average for the last 5 years to over $900k last year. The owner seeks $1MM in equity or mezzanine financing to recap the business, grow the company and take advantage of an opportunity to improve the overall gross margins in the business.
About the Business
Year Established: 1980
Employees: 30 full time - 2 part time
About the Sale
Management Training and Support: Seller to remain as operating partner to grow the sales and margins.
Reason For Selling: Recap, restructure debt and grow the business.
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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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