This 20 year old Company is a very profitable, oil field equipment supply and service company servicing Texas, Louisiana, and Oklahoma, with no debt. The company supplies equipment and parts for oil field drilling rigs and producing wells. Customer base is large and diversified. The original owners have built the business and are ready to retire. The employee base is long tenured and basically run the day to day operations. Current manager expected to stay on. Great time to buy due to the increase in oil price and drilling activity. Significant amount of inventory is included with the business as a result of aggressive auction purchases of parts and equipment at low prices. Significant opportunity to grow the business by expanding the focus area to include Permian Basin and Eagleford Shale regions. Current ownership has not developed any internet presence (website, SEO management) which leads to additional growth opportunities. This is a great opportunity to purchase a profitable company with strong financials.
- Asking Price:
- $6,900,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $8,492,851
- Cash Flow:
- $1,880,287
Property Information
- Real Estate:
-
Real Property Included
Business Operation
- Expansion Potential:
-
Biggest growth comes from increase in drilling activity. Growth opportunity through developing an online presence with aggressive SEO management. Expand service area and added trucks and equipment into areas of active drilling operations (Permian basin; Eagleford Shell)
- Reasons for selling:
-
Retirement
- Trading hours:
-
6:30am – 5pm Monday – Friday; Sat 7- 12pm. On call 24/7.
- Employees:
- 15
- Years established:
- 20
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 6
- Furniture / Fixtures value:
- $67,159 - included in the asking price
- Inventory / Stock value:
- $1,481,000 - included in the asking price
- Relocatable:
- This business can be relocated.
