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BIZBITE

Compressed Gas Cylinder Delivery

The oxygen tanks, argon, and CO2 that every welder and brewery needs

Bottom line

Worth studying, but do not buy without strong local proof.

Compressed gas distributors deliver cylinders of industrial and specialty gases — oxygen, acetylene, argon, nitrogen, CO2, and helium — to welding shops, breweries, restaurants, dental offices, medical clinics, and laboratories on recurring fill schedules. The cylinders themselves are leased to customers, creating a steady rental income stream on top of product sales. Switching costs are extremely high: customers don't want to return borrowed cylinders or reset accounts.

45
Acquisition score
Fair

Avg Revenue

$900K

Profit Margin

28%

Acquisition Multiple

2.5x - 4.5x

Startup Cost

$200K - $600K

How It Works

The distributor maintains a cylinder inventory (owned assets worth $100–$500 each), fills them at a bulk gas supplier, and delivers on scheduled rounds to business accounts. Customers pay cylinder rental fees ($10–$30/month per cylinder) plus product fees per cubic foot of gas consumed. A delivery driver covers a route of 40–80 stops per day. The cylinder rental model means revenue continues even when a customer's gas usage drops — the cylinders just sit on their dock generating rent.

Revenue Range

Low End
$400K
Typical
$900K
High End
$2.0M

BizBite underwriting snapshot

Pass for now

Compressed Gas Cylinder Delivery has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.

37
Speculative / 100
Data confidence
medium
52/100
Financing fit
medium

Category-level fit before lender-specific diligence.

Confidence cap
78

Weak source data caps the final score.

Why it may work

  • +SBA dataset shows 14 recent comparable loans

Be careful

  • !Source link status has not been verified yet
  • !No last-checked date yet
  • !No category operating model yet
  • !No category model yet

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 424690 · Other Chemical and Allied Products Merchant Wholesalers

Deals tracked
31
14 in last 24 mo
Median loan
$933K
$300K–$1.9M p25/p75
Implied deal size
$1.1M
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal Size Distribution

<$150K
2
$150K–500K
8
$500K–1M
7
$1M–2M
7
>$2M
7

Deal Flow Over Time

12-month momentum
-25.0%
deal volume vs prior 12 mo
Median loan Δ
-13.1%
6 recent · 8 prior

Financing Profile

Median rate
9.12%
14% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
0%
of loans secured
Median jobs
5.5
supported per deal
Top lenders in this space
Live Oak Banking Company7
Newtek Bank, National Association2
Alerus Financial, National Association2
Manufacturers and Traders Trust Company2
Midwest Regional Bank1
Where deals happen
FL6
GA4
CO3
TX3
AZ2
MA2
PA2
DE2
MO1
IL1

Recent Comparable Deals

ClosedStateLoanImplied deal
Feb 2026FL$50K$59K
Feb 2026FL$575K$677K
Nov 2025OH$706K$831K
Sep 2025GA$1.7M$2.0M
Jun 2025IL$3.9M$4.6M
May 2025CO$893K$1.1M
Feb 2025PA$315K$371K
Jan 2025PA$1.4M$1.6M
Oct 2024MA$250K$294K
Oct 2024MA$4.3M$5.1M
Volume rank #191/544Deal-size rank #171/544Momentum rank #261p90 loan: $3.4MData as of Mar 2026

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Cylinder rental income provides a revenue floor independent of consumption — customers pay to hold your asset
  • +Industrial and medical clients sign annual or multi-year supply agreements with automatic renewal
  • +Switching suppliers requires returning cylinders and re-qualifying new ones — most clients never bother
  • +Diverse customer base (welders, breweries, medical, restaurants) provides recession resilience

Cons

  • -DOT hazardous materials regulations govern transport, storage, and cylinder testing — ongoing compliance cost
  • -Large national distributors (Airgas, Praxair/Linde, Air Products) compete aggressively on price for large accounts
  • -Cylinder inventory is a significant capital asset that must be tracked, inspected, and recertified every 5–10 years

Best For

Route-minded operators who want a capital-asset business with recurring rental income and sticky B2B accounts

Operating Costs

At $900K revenue: bulk gas sourcing runs 35–40% of revenue, delivery labor adds 15%, cylinder maintenance and DOT compliance adds 5–8%, and vehicle/facility costs add 8–10%. Net margins of 25–32% are typical for independent distributors. Cylinder rental income (often 15–20% of total revenue) carries near-100% margins.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$2K/mo
after debt service
Deal price — $1.8M
Range: $1.8M (2.5×) to $5.0M (4.5×+)
Down payment — 15% ($270K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.00%
SBA median for this category: 9.1%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$270K
15% equity injection
Loan amount
$1.5M
85% SBA-financed
Monthly payment
$19K/mo
$796K total interest
Monthly profit
$21K/mo
at 28% margin
Monthly cash flow after debt service
+$2K/mo
Down payment paid back in ~167 months — long horizon

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell – Wholesale & Distribution

Search for gas distribution and route business listings

Compressed Gas Association

Industry standards, safety data, and market information for compressed gas distributors

45/100Fair

Acquisition Score

Profit margin
19/30
Entry multiple
17/25
Market depth
2/20
Risk (charge-off)
8/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
route
Difficulty
3/5
Buy price
$2.3M$4.0M

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