The Company is a Liquefied Petroleum Gas (LPG) rail and trucking terminal that was designed, engineered, and installed beginning in 2002. The land development was completed and the facility was installed on a 30 acre parcel of land. Underground storage tank vessels range from 60,000-90,000 gallon capacity. Total underground storage is 1,395,000 gallons. In late December 2007 to early 2008, an additional 240,000 gallons of above ground storage capacity was added to the facility. The facility also includes rail access for up to 50 railcars, with 7 double sided off load/loading towers and the capability to transfer product from 14 cars at any one given time. Current propane truck loading/unloading racks for 6 transports at any one time, and butane loading racks for two transports at any one time. The owner is looking for a synergistic buyer to help take the business to the next level and recapitalize the existing bank debt. The active owner is willing to stay on after a transaction and continue to oversee the operations. • High Barriers to Entry: Approval to get new LPG facilities built is difficult to obtain. High barriers of entry exist due to the high capital expenditure needed to develop a terminal. The facility was recently appraised for $17.1 million. • Centrally Located: Centrally located in the Northeast US, the terminal has access to gasoline manufacturers, and distributors, in multiple states. A new pipeline is being constructed near the terminal which could supply the terminal additional product to distribute. • Blue Chip Customer Base: The Company services major gasoline manufacturers, such as, Sunoco, throughout its region. The business from these blue-chip customers is highly repetitive. • Low Overhead: Once completed, the terminal has had low overhead to maintain normal business operations, resulting in high EBITDA margins. Additional revenue will primarily drop to the company’s bottom line. • Excess Capacity for Growth: The terminal has both excess tank capacity, and additional land for future expansion opportunities.
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