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Leading Oilfield Supply and Manufacturing Company
| Asking Price: | $1,900,000 | Inventory: | $1,000,000 ++ |
| Gross Revenue: | $3,424,154 | Real Estate: | $530,000 ++ |
| Cash Flow: | $761,756 | FF&E: | $485,443 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This company is an area leader in the Supply and Servicing of Oilfield Equipment, which is the vast majority of the company's Sales. However, the company also manufactures Truck Beds, to further service the needs of customers in the area. Having other "offerings" yields business diversification, but the company's main end-market or focus, nonetheless, is Oil & Gas. By having strong relationships with Oil & Gas producers in the region, the company could easily grow by adding additional locations outside of its current "coverage area". The increasing interest in on-shore drilling and clean energy will ensure this company's future is secure, as the bulk of the company's customers are Natural Gas-related in fact. Furthermore, the Truck Bed Manufacturing division boasts a quality product with a scalable business model, and just needs more of a Sales force to drive growth.
About the Business
Year Established:1930
Employees:24 full time -
Facilities:3 separate buildings occupying 3 acres of land.
Market Outlook and Competition:The continued increase in interest in and demand for onshore drilling will keep this company growing for years to come. Furthermore, because the company is in a Natural Gas "hotbed", we believe more producers will migrate to this region in the coming years as Natural Gas remains a "clean energy initiative" focus. Additionally for growth, a new owner will want to expand and improve existing facilities, expand Inventory and services, buy direct when possible, grow "e-sales" and grow the Truck Bed dealer network
About the Sale
Management Training and Support:Seller is willing to train the new owner
Reason For Selling:Retirement
KEYWORDS: Manufacturing, Oilfield equipment, Gas, Natural, Truck Beds,
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Industry: Manufacturing
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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