Oilfield & Industrial Tubular Thread Protector Products Business For Sale

Business description

This oilfield and industrial business that supplies retail and wholesale products was founded in 1983. Long term and expanding customer base on a local, regional national and worldwide level that utilize our companies for their special needs in the oilfield, mining and tooling industries that have the ability to retool inexpensively and quickly for new products. The business can be run in a “hands on” manner. 55% of sales revenues stems from manufacture of specialty oilfield tubular thread protectors and sale on a local, regional, national and worldwide market, 35% of sales revenues stems from stocking and selling OCT thread protectors locally, regionally, nationally and worldwide, and the remaining 15% of sales revenues stems from stocking and selling support supplies and equipment locally and regionally. The current owner will stay on through a reasonable transition period to acclimate you to the business, the employees and clientele. Contact now for more information about this lucrative business opportunity.

Property information

Real Estate:

Lease

Location:

There are 3 single level leased buildings totaling 28,000 sq. ft. that were built in 1960 and are in good overall condition. This business is located near a state highway in a high traffic area with good visibility. The business can be relocated.

Other information

Expansion potential:

Growth and expansion can be obtained by targeting stocking points for quicker delivery in new opening markets. The potential and need for 24 hour a day production is quickly growing and would increase new product lines and reduce overall costs of production. The manufacture of many different products from polyurethane plastics is an open door to increased production. There are many products that have not yet been explored. An in house machine shop would enhance the company’s capability to diversify the product mix, and reduce overall long range costs.

Competition / Market:

There is very little competition in this area.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

Retirement

Financing available:

Some owner financing may be available for the right buyer.

Furniture / Fixtures value:

$311,655 (included in the asking price)

Inventory / Stock value:

$404,541 (included in the asking price)