Contact business broker for more information regarding this established and highly profitable design, engineering and proprietary equipment manufacturing business for sale located in the Inland Empire area of Southern California. Business was founded 21 years ago to serve a special niche in the water, geothermal and oil drilling industries and has succeeded in developing an industry recognized and respected brand name with U.S. and international sales. The proprietary products and equipment include niche products and equipment that are an ancillary pumping process to primary drilling operations but critical to reducing drilling costs, improving drilling efficiency and minimizing waste by-products or removal. The company has several patents on key components of the equipment/system.
The company serves all segments of the water, geothermal and oil drilling industries but has historically focused on the under-served, small-scale and medium-scale drilling markets. The company has established an extensive supplier and distribution network with distributors located across the U.S. and in Canada, Australia, Mexico, South America, Africa, UK, Ireland and Europe.
Direct competition consists of approximately 10 to 15 companies overall but only a handful of competitors that are focused on the same small and medium-scale operation segments. Growth opportunities include increased marketing and sales to the large-scale drilling industry segment, development of Asian markets and sales of replacement components which is a secondary but growing revenue stream for the business.
The owner is willing to stay on as management with an employment agreement or minority partner for one to three years for the right buyer.
About the Business
- Year Established:
- Number of Employees:
18,000 sq ft, high-bay warehouse with adequate roof height for high-rack storage. Facility can be leased for $9,000/month or purchased for $1 million.
See business description. See business description.
About the Sale
- Reason For Selling:
Pursue new business venture
Seller will consider employment agreement with new owner.
- Seller Financing:
Seller will finance a portion of purchase for qualified buyers
- BizQuest Listing ID:
- Ad Detail Views: