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Oil Tool Manufacturer
| Asking Price: | $14,000,000 | Inventory: | |
| Gross Revenue: | $4,500,000 | Real Estate: | n/a |
| Cash Flow: | $3,000,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Subsea Equipment Manufactruer
Established 18 years, the company is a full service manufacturing facility offering specialty CNC machining and milling fo the subsea oil industry. They have earned a reputation as a company which delivers quality and reliable service to a customer base that reads like the "Who's Who" of the major oil tool companies. The company is equipped with the latest CNC machines as well as a large array of precision tools and inspection equipment. All of the thirteen employees are highly trained for their positions.
About the Business
Year Established:1990
Employees:13 full time -
Facilities:Shop and office are in a 25,000 sq. ft. crane served building with a 30 ft ceiling. The shop is completely air-conditioned and has two 5 ton overhead cranes. The building is designed to hold two 10 ton cranes and has two overhead doors on each end of the building. One 20' wide and 24' tall and one 16' wide and 24'high. Real estate is a prime ten acre industrial site with 590 ft. frontage on a major thoroughfare that offers easy access to all areas of Houston. The facility is capable of increasing its production level considerable without a measurable increase of capital investment. Real estate is included in the acquisition price. The business is being offered as a stock acquisition. Included in the acquisition is $2,379,100 in cash, CD's etc. in the bank and approximately $300,000 in accont receivables with only $50,000 in debt.
Market Outlook and Competition:Business is strong and steady. The company has approximately $350,000 in booked orders to be shipped in the next 60 days.
About the Sale
Seller Financing:None
KEYWORDS: Oil Tool Company; CNC Shop; Oil Tool Manufacturing
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