THE CHALLENGE
With the fluctuation in the price of propane and the negative impact on the supply chain due to Covid 19 and the war in Ukraine, the local market is being negatively impacted.
THE SOLUTION
The solution is to bulk ordering of tanks and propane to ensure that there is sufficient supply to meet demarket demand and at an affordable price.
COMPETITIVE ADVANTAGE
Nassau Gas & Tanks will address the challenges of the market by ensuring there is sufficient tanks of various sizes in inventory as well as locking in propane pricing for multiple years to stabilize local market pricing.
OUR MARKET
Nassau Gas & Tanks is one of three companies authorized to import Propane into the Bahamas.
In 20 The company has operated since 1992 and is currently the only one importing Propane via Arawak Cay by utilizing company-owned 6500 gallon ISO tanks. This method removes the challenges experienced by importing via Clifton Pier using tanker ships as the other importers currently do.
Our clients is a mix of commercial and retail customers with commercial clients being hotels, restaurants, and laundromats.
Our clients order via our website and have the ability to pay online. We also offer a customer loyalty program resulting in a high reorder rate.
OUR PRODUCT LINE
At Nassau Gas and Tanks we sell prefilled tanks ranging from 20lbs to 500 gallons. We also provide the convenient service of refilling tanks on site.
MEET OUR TEAM
STRATEGIC GOALS
Our strategic goals in this phase are:
- Grow sales by 30%
- Build on Corporate Governance to be poised for future growth
USE OF FUNDS
The funds raised will be use to grow the business and to hedge the price of propane.
FINANCIAL DATA - HISTORICAL FINANCIALS
FINANCIAL PROJECTIONS
DOCUMENTS
