71279 - Oil Field - Vacuum Trucks, Construction and Repair

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Asking Price:
$3,500,000

Gross Revenue:
$2,250,000
Cash Flow:
$480,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,500
included in asking price

FF&E:
$2,935,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This general contractor specializing in oil field-related trucking and vacuum services, construction, and repairs. The company’s primary services include providing equipment and personnel for pipeline heating, thawing, steam cleaning, and/or removing waste from all types of oilfield buildings and pipelines. While Vacuum Trucking accounts for 70% of revenues, the remainder comes from other services with plenty of room for growth. In fact there are many avenues for growth including drilling services, shale plating, Pennsylvania water trucks, a company website, and over all a younger owner with more drive. The company operates from a leased 8,000-square foot facility including a warehouse, garage, and office space. In addition to the facility, they own oil and natural gas wells on leased land. Located in northeast Ohio, they service New York, Ohio, Pennsylvania and West Virginia. The business could be relocated within the service area, if desired. They have a proven track record, supported by the long-standing reputation it maintains with its customers. While revenues did dip last year due to oil prices, 2017 projects a rebound with over $2,500,000 in revenues. the company’s total revenue was $2,252,368 with an EBITDA of $272,285 and seller discretionary earnings over $480,000. While the owner is approaching retirement, owner financing up to 25% may be negotiable for the right buyer. The asking price does include all necessary equipment and inventory.

About the Business

Location:
Ohio
Year Established:
1980
Number of Employees:
10 FT, 1 PT
Relocatable:
Yes
Real Estate:
Owned
Growth & Expansion:
In fact there are many avenues for growth including drilling services, shale plating, Pennsylvania water trucks, a company website, and over all a younger owner with more drive.
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About the Sale

Reason For Selling:
Approaching Retirement
Training/Support:
While the owner is looking to start retirement, managers are in place and would remain with the other employees.

Listing Info

ID:
1446464
Ad Detail Views:
1959

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