Profitable Established Wholesale and Distribution in Lowcountry

Charleston County, SC
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Asking Price:$625,000
Gross Revenue:$2,940,000
FF&E:$23,600
Cash Flow:$189,900
Inventory:$7,800
BUSINESS DESCRIPTION

Minimal management required + major growth potential for the right buyer

This is a highly profitable, well-established wholesale distribution and delivery company located in the booming Charleston metro. This company requires minimal management, yet averages almost $3M per year in gross sales. After more than 40 years of operating as a family-owned business, the Seller is looking for the right buyer to take this operation to the next level. The simple business model and loyal customer base present a great opportunity for any buyer, whether it’s a motivated entrepreneur looking to grow the operation, another fuel delivery business looking to expand their client base, or a highly-driven owner-operator with the potential to personally net $200k+.

Average gross sales, last 3 years (2021, 2022, 2023): ~$3M
Average discretionary earnings, last 3 years: ~$190k

With more than 4 decades of successful operation and a solid reputation for quality and reliability, this fuel delivery company provides a simple business model with high profit potential. Customers include industrial, institutional, commercial, and residential, with new customers coming almost solely from referrals.

The valuation and list price for this business do not include the purchase of the trucks currently being used for operations. Two trucks are currently leased to this company by a sister company, and this cost is already reflected in the valuation of the business. Seller would be open to negotiating the purchase of these trucks as an add-on to the listed price, or Buyer can purchase/lease/use their own truck(s) to meet their own needs.

This business offers huge potential for growth and development, as there has been minimal marketing or efforts to expand this business in recent years. New customers have come mainly via word of mouth and referrals by current customers, and the Seller has regularly turned down business opportunities outside of their relatively-compact current service area. It would be easy to expand operations with additional drivers, trucks, advertising/prospecting, and expanded service area.

As we expect significant interest in this business, and to maintain full confidentiality, any interested parties will be expected to sign a non-disclosure agreement AND complete a buyer qualification screening before receiving additional information about the company. So, please: serious inquiries only.


DETAILED INFORMATION
Location
Charleston County, SC
Inventory
Included in asking price
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Seller will be including all equipment and inventory currently used to operate the business EXCEPT a fuel truck itself. The trucks are owned by the sister company and are currently leased to this company for $2,500/mo. This is reflected in the valuation of the business. Seller would be open to negotiating the purchase of a fuel truck as an add-on to the listed price, or Buyer can purchase/lease/use their own truck(s) to meet their own needs. Rent for equipment space is currently $6,000/year but Buyer will be able to relocate business operations.
Growth & Expansion
As the Seller has focused on other business ventures, there has been minimal marketing or efforts to expand this business. New customers have come mainly via word of mouth and referrals by current customers. It would be easy to expand operations with additional drivers, trucks, and advertising/prospecting.
Financing
Minimum of 10% down; Financing terms are negoitable.
Support & Training
Seller is willing to stay on for at least 2 weeks, and up to 4 weeks (negotiable), to provide necessary training to Buyer; however, operations are relatively straightforward, so required training should be minimal.
Reason for Selling
Seller wants to shift full focus to their other (larger) business
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Mark
McLean
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Mark McLean