Hot Listing

Established Water Well Drilling Company For Sale in Poteau Oklahoma

Asking Price$950,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,028,001

InventoryNot Disclosed

FF&E$547,400
Included in asking price
Real EstateNot Disclosed

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Hot Listing

Established Water Well Drilling Company For Sale in Poteau Oklahoma


Asking Price$950,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,028,001

InventoryNot Disclosed

FF&E$547,400
Included in asking price
Real EstateNot Disclosed

Business Description
Provides well drilling for water wells, geo-thermal and soil testing related services
This family business is a well-established and reputable drilling business. Located in Eastern Oklahoma, the company offers a comprehensive range of specialized services, including water wells, geo-thermal, probe holes for foundations and soil testing services.


The current owner purchased the business 40 plus years ago and has been drilling in Oklahoma, Arkansas, and Missouri during this period. J. Grantham Drilling is licensed in those states as well. Over the years, the company has successfully drilled 5000 wells and provides service and maintenance work as well. J. Grantham is also a resource for replacement equipment related to the drilling industry, they rehab used equipment and resale the equipment nationwide.

Detailed Information
Location: Poteau in LeFlore County, OK
Employees: 5 (including Jimmy and Wife)

Competition: One of the notable advantages of this company is its relatively low competition in the market. This favorable market position presents numerous growth opportunities for the company to expand its operations and capture a larger share of the market.

Growth & Expansion: The company has significant geographic and service offering growth opportunities on the horizon. This includes becoming more focused on the service side of the business.

Support & Training: The current owners are willing to stay on for 6 to 12 months to help introduce the buyer to key clientele, employees, and the inner workings of the business. The main drilling operator Russell has been with Jimmy for 30 years and he is willing to stay on and work, along with the other 2 field employees.

Reason for Selling: The owners are looking to retire.
About the Business
Years in Operation
40
Employees
3 Full-time
The owner and his wife are active employees for the business in addition they ha
Currently Relocatable
Yes
Facilities & Assets
See attached asset list
About the Sale
Seller Motivation
Retirement
Transition Support
Owner is willing to continue for 6 months and possibly longer.
Financing Options
no seller financing
Listing Info
ID
2461616
Listing Views
119
Attached DocumentsAttachment Disclaimer

J. Grantham Drilling, Inc .pdf


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Business Listed by: Jeff Cooper

Listing ID: 2461616 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. See our full Terms of Use. Learn how to avoid scams.


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