Very Profitable Oil Tank Removal Business

Essex County, MA
listing image
Asking Price:$550,000
Gross Revenue:$275,000
FF&E:$30,000
Cash Flow:$250,000
Inventory:$20,000
BUSINESS DESCRIPTION

For over 30 years, this company has been the go-to business for removing oil tanks for both residential and commercial locations. Oil tanks are above and under ground with some of the jobs being sub contracted. Tanks are cleaned and subsequently sold for scrap (a second revenue source).

A third revenue source is oil delivery; many of the tanks still have useable heating oil which the owner is able to reclaim and resell (with a regular list of customers).

With a 5-star rating from the BBB and other online assessments, their reputation reaches well beyond the Merrimac Valley to include Vermont, New Hampshire, Maine and Rhode Island. Sale includes all vehicles, tools, and storage shipping container. This business remained open and busy during the COVID-19 pandemic.


DETAILED INFORMATION
Location
Essex County, MA
Inventory
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Growth & Expansion
Perfect for a junk removal company looking to expand and stay busy during fall and winter months.
Support & Training
Seller will stay on for an agreed amount of time to train a new owner.
Reason for Selling
Retirement, moving out of state.
Report an Issue with this listing
profile-img
Michael
Schnur
logo-img
Michael Schnur