Oilfield Fabrication Business For Sale

Business description

This 27 year old oilfield fabrication business for sale has the reputation and experience in the oilfield industry to be a major player for many years to come. Company currently conducts business in the offshore construction area as well as inland with 40 full time employees. Many of the employees have been with the company for 20 years or more. Company has performed, and continues to do work for many large oil and gas production companies. The oil and gas business in Southern Louisiana remains strong and has not felt the impact of the financial downturn of the economy.
The business is located on the southern coast of Louisiana, and currently has a 99 year lease for the land and building. Buildings on the property measure approximately 7,200 sq ft. Total property area is approximately 4 acres with about 250 feet of water front property. The water front property allows for large deck fabrication and vessel transportation. Land is on high ground and has never had flood issues in its 27 year history. Building has 6 offices, a copy room, a meeting room, a restroom, and a kitchen. There is also a welding shop area, 2 large overhead cranes that can easily handle the shop needs, a tool room, a paint building, and a hydro testing building on the property.
Current owners are ready for retirement and wish to sell the business to a new and motivated owner. Owner will assist in the training and transition to ensure future success of the business. Seller is very motivated. This is a fantastic opportunity to enter the oilfield industry at a reasonable price, or acquire an already successful business to merge into current oilfield activities. Come see the business, meet the owner, make offer.

Property information

Real Estate:

Lease

Premises details:

7200 sq ft, $3427.00

Business Operation

Reasons for selling:

Retirement

Trading hours:

Days: Mon - Fri, Hours: 8 am - 5 pm

Employees:

Full Time: 40

Years established:

28

Other information

Financing available:

Downpayment Required: $0
Monthly Payroll: $150,000

Furniture / Fixtures value:

$600,000 (included in the asking price)