For over sixty years since its inception in 1957 this business has grown and evolved into one of the largest providers of fuel and oil tank installation, removal, and remediation services in Rhode Island, Southeastern Massachusetts and Connecticut.
Sales for FY 2017 are on track to exceed $1 million with adjusted earnings of $440,000. Very good quality financial statements.
Real estate (separate legal entity and via a licensed Rhode Island related real estate brokerage firm) may also be acquired with the operating business entity.
The company is located in a 900 sf office with a 1,500 sf garage warehouse area in a 7,700 sf facility in Rhode Island owned by the company's owner. The real estate will be sold with the business. There are two third party tenants in this facility generating rental income for the owner. The brand is perceived as a respected strong competitor in its market and is very proud of its 70,000 plus residential and commercial customer tanks that it has processed.
This company is a well branded regional market leader.
The Company provides a comprehensive offering residential & commercial tank services including:
• Environmental services
• Site remediation
• Above ground oil tanks
• Underground oil tanks
• Emergency service
Residential Services include
•Tank installations for Convault, Dehoust, Eastern Fuel Vault, Granby Steel, Highland, Hoover, Kerr, Massachusetts Engineering, Roth, and Vaughn
• Tank Removal Services
The company has an environmental scientist on staff who can recommend tank removal assist in your decision making as to next steps.
The company has almost doubled its annual revenues and adjusted earnings over the past three years.
The company has four full time employees.
Excellent physical location on high traffic road with Route 95 less than one minute away thus providing very easy access to every corner of the state as well as Massachusetts and Connecticut customers and prospects.
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