Extremely Profitable Petroleum Equipment Repair Firm

Business
  • Listing# : 15755
  • Listed Price : $1,500,000
  • Total Sales : $1,596,944
  • SIC : 5172
  • Down Payment : $165,000
  • Status : Active
  • Discretionary Earnings : $531,061

Business Type :

Automotive / Truck Repairs; Equipment S & S / Heavy Equipment Parts/Repair

Business Description :

Reason for Sale: Retirement- Profitable Petroleum Equipment Repair Business. Essential business during Covid-19. Seller's location has been servicing the petroleum industry for over 40 years in South Florida. Services performed on tankers & trailers welding, fabrication, cargo type inspections, mechanical repairs, trailer repair (brakes & suspension). Complete repair shop for the industry. Experienced welders/mechanics in place. Owner takes care of DOT safety inspection sheet, estimates, CFO services. Owner benefit $500k+ in 2019. Great books and records. Visa qualified.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $110,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $20,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $130,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Automotive, Equipment S & S