FuelSource, Inc. is a mobile fleet fuel delivery startup based in Atlanta, GA. Often called "wet-hose fueling," we will bring our fuel trucks to a customer site and re-fuel their vehicles during the fleet's downtime. Customer trucks, reefer trailers, construction equipment, generators, disaster response equipment and bulk fuel tanks can be re-fueled with our equipment.
Customer benefits from our services:
- Reduction in labor costs and labor related expenses
- Increased productivity, as employees no longer have to stop and get fuel on their routes
- Reduction in fleet miles driven, which reduces wear and tear and insurance costs
- Reduce fraud risk from fuel transactions
Fleet fueling has tremendous opportunity. There are potential for high net profit margins and fast growth in the space. There are few organized players in the market and we can capitalize on this with our operations and sales experience.
What do we need to get started?
We are currently seeking financing options for our first truck order (two 4,500 gallon fuel delivery trucks) and subsequent truck orders. For working capital, we estimate $500K line of credit or business loan is needed to get us through the first 6 months of operations. Our first trucks are scheduled to be delivered in August 2024 and we plan to begin operations in September 2024.
We prefer debt financing, but we would consider equity financing with the right partner that matches our vision for FuelSource. Owners both have excellent credit history and experience in the space. One owner currently operates a for-hire trucking company and the other has a successful mobile fleet washing business. Inquiries will be provided with full financial projections and a business overview/pro-forma.
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