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Oil Tool Rentals
| Asking Price: | $24,000,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This Company enjoys significant profitability and excellent market acceptance in providing complete “fishing” and “cutting” tool solutions and inventories to oil field companies that make them uniquely different from the competition in a market that is underserved. The business has price, quality and availability as vital components, but to that is added that it is close to drilling and production sites, enjoys a reputation for high quality maintenance, customer service and experienced personnel. Those very same people would stay on with a new owner who could enjoy the fruits of their labor and experience, the ever-expanding, broad customer base, and highly profitable operation. 50% of sales revenues stem from oilfield rental equipment and the other 50% of sales revenue stem from oilfield services. With heightened attention to making the U.S. more energy independent, oil and gas drilling activity is seen as remaining high for the next 10-15 years; no short-term decline is expected. Name, recognition, reputation, profitability, established patronage, growth capabilities, diversity, location, and priced to sell – all of these attributes make this offering a sound venture for the fortunate party who acquires it. The current owner will stay on through a reasonable transition period to acclimate you to the business, the employees and the clientele. Call now for more information about this golden business opportunity.
About the Business
Year Established:2007
Employees:14 full time -
Facilities:This leased 36,000 sq. ft. single level building was built in 1990 and is in good overall condition. It is situated on a 10 acreage lot. There is ample room for expansion at its current site. The facility is located near a state highway in a high traffic area with good visibility. The business can be relocated.
Market Outlook and Competition:There is no competition in this area.
About the Sale
Reason For Selling:Owner wants to capitalize on their investment.
Seller Financing:There is no owner financing available.
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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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