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Oil Field Equipment Services
| Asking Price: | Not Disclosed | Inventory: | $2,563,000 ++ |
| Gross Revenue: | $5,800,000 | Real Estate: | n/a |
| Cash Flow: | $1,650,000 | FF&E: | $1,411,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This company, established as a C-Corp in 1989, is a value-added provider of rental equipment and services to oil and gas drillers and contractors in Texas. Equipment and services include materials, generators, light towers, water pumps, forklifts, air compressors, along with operating, loading and transporting the equipment as needed. Customers consist of oil and gas drillers/contractors within a 50 mile radius of the company. Management has worked diligently to develop long-standing customers and is proud of the many loyal relationships built over the company’s 18+ year history. In 2007 70% of sales were generated through leased equipment with operators while the remaining 30% was generated from leased equipment without operators, although the ratio shifts from year to year dependent upon the type of projects the company accepts. Between 2005 and 2007 a significant increase in rental equipment resulted in substantially increased revenues and market share. Business is currently generated through repeat customers and referrals from satisfied clients. Management has recently decided to increase marketing efforts and is currently developing an aggressive campaign to be put into place in the coming year.
About the Business
Year Established:1989
Employees:14 full time - 2 part time
Relocatable:Yes
Facilities:10,000 sq ft warehouse on 17 acres of land, ample room for expansion
Market Outlook and Competition:Excellent reputation in the industry; Strong client relationships, Consistent sales growth; Experienced staff; Recession-resistant industry
About the Sale
Management Training and Support:Seller will assist through transition
Reason For Selling:Retirement
KEYWORDS: oil, oil field, equipment, services, drilling, contractor, provider, lease, rental,
Sell Your Business | This listing has been viewed 296 times
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Industry: Business Services
Segment: Equipment Rental and Leasing Next Listing: Clean & Organized Equipment Rental Business
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