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Vinalhaven Fuel Company

Vinalhaven, Maine (Knox County)

Services - Other Miscellaneous services | Retail - Miscellaneous Retail

Asking Price $945,000 Inventory $30,000* 
Gross Income $1,300,000 Real Estate $275,000* 
Cash Flow $223,000 Year Established 1972
FF&E $140,000* Employees N/A

* included in the asking price

** not included in the asking price

Doesn't get better then this. Make $$ and live the island dream.

This highly successful island fuel company sells and delivers oil, propane,and kerosene. In addition it also offers service and installation of tanks and monitor heaters. The real estate is fairly new and is comprised of offices, showroom, repair and service area. The bulk storage farm is just being completed and is directly behind the building. With 1.5 acres there is ample parking and room to grow. This is truly a turn key business and will allow a owner a life style worth living. Don't miss this rare opportunity.

Facilities: The building is appoximatly 900 sf +/- and was built in 2004. It is located close to the ferry and overlooks downtown and the waterfront. There is about 1.5 acres - plenty of room for future expansion. The owners are currently in the process of installing a new bulk fuel storage farm directly behind the building.

Competition: There is one other OIL company that has approximately 40% of the market but does not have bulk storage. Also there is one other PROPANE company that has approximately 40% of the market. Vinalhaven Fuel has approximately 60% of the oil and propane markets with a bulk storage area and the newest equipment.

Growth/Expansion: The Island is a fast growing community. The demand for service is high. A new owner would be wise in expanding the service area of the business which will also increase sales across the board. Also this business would be ideal to add green energy products.

Support/Training: Sellers will help new owner during transition for up to 90 days.

Reason Selling: Retirement

Business For Sale By

Ed Herczeg

207-553-2491

KW Commercial

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