Solid service business with a gross income of $250,000 and a net yearly income of $70,000. The company supplies propane to its various customers in the general area, which represents home owners and private companies. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 39% investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase. This opportunity is located in Central North Dakota, McKenzie County which consists of various communities with continued demand for this particular product. This non retail facility which consist of 1,140 square feet consist of a basic office with appropriate truck and auto parking. This particular business has no employees; the owner maintains the company as a full time owner operator. The business has an assignable commercial lease which expires 2017-01-01 plus additional options, with a monthly rent of $400 and rent security $800. The non-retail business is located in a free stranding facility which consists of 1,140 square feet. The business assets have an estimated value of approximately $45,000 and the sale consists of a fully equipped propane service company, which includes one delivery truck, accounting system, tables, computers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, with hours from 8:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The owner is relocating out of the state. The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income. To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2016 yearly gross income is projected at $250,000 and a yearly net income of $70,000 based on an owner operator and prior to debt service. The business has been valued at $69,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Asking Price $69,000
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