TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-317753
Motivated Seller - International Oil & Gas Rig Parts Distributor
Oil field parts distributor. Specializes in locating and supplying parts and equipment for drilling and well servicing rigs. The clientele spans North America, Asia, Middle East, and Europe. Based in Houston Texas. Nimble in size and competes on speed of delivery and cost. Global marketing and distribution footprint with scalable business model. In 2024 the company is expected to have over $1M in revenues, down slightly from 2023. Owner willing to assist with the transition of the business to new ownership and an original founder are still employed in the company. The business is known for sourcing hard to find replacement parts worldwide. Business is ideal for a strategic buyer who is looking to expand existing operations to the area with an established staff or an owner with upstream experience.
The seller leases a 3500 square foot office & warehouse facility. 1080 square feet of the facility is air conditioned. The facility is in an office park and near major oil industry players including Baker Hughes, National Oil Well, Exxon, and others. The lease began August 1, 2019, for a period of 6 years. The base rent is $4,101 per month effective August 1, 2023, with small incremental increases annually until its expiration in 2025. The assignment will require the landlord’s approval. The selling price includes $75,000 of inventory.
