Oilfield Construction & Maintenance
Building and Const. Services - General Building Contractors | Building and Const. Services - Other Services
| Asking Price: | $6,000,000 | Inventory: | |
| Gross Revenue: | $4,400,000 | Real Estate: | n/a |
| Cash Flow: | $948,000 | FF&E: | $2,500,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Founded in 1981 and incorporated in 1994, this safety-oriented profitable “hands-on” business services the area’s oilfields. This company began with one Caterpillar machine owned and operated by the current president/owner and has grown by leaps and bounds to a become a company with 20 to 25 employees who utilize various pieces of oilfield construction and maintenance equipment in the east central region of Alberta, Canada. The primary business activity is in the oil and gas industry and entails oilfield construction. The work tasks, accounting for 95% of sales, include lease construction, clean ups, teardrops, road building, reclamation, right of way clearing and brushing. The remaining 5% of revenue is due to miscellaneous farm work - the company has some contracted employees - and equipment that can be hired during the peak period, if required. The height of the construction season for the company begins in May and continues until December or freeze up, so there are fewer work tasks during the winter months. The majority of the equipment is maintained by qualified personnel during the winter months in preparation for the upcoming season, however, there is the potential to increase business at this time, if desired.
About the Business
Year Established:1981
Employees:25 full time -
Relocatable:Yes
Home Based:Yes
Facilities:This is a home based business.
Market Outlook and Competition:Growth and expansion could be obtained by marketing and advertising to numerous other oil companies in the area and contacting the municipal districts and counties for road construction. In addition, a new owner could purchase low-hour equipment to keep maintenance costs at a minimum.There is some local competition.
About the Sale
Management Training and Support:The current owner is happy to stay on through a reasonable transition period to acclimate the new owner to the business, employees and clientele.
Reason For Selling:The current owner is ready to retire after many successful years owning this business.
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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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