Limited Access Drilling - Drilling Company - Full Service

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Asking Price:
 Not Disclosed

Gross Revenue:
$1,600,000
Cash Flow:
 Not Disclosed
EBITDA:
$300,000
Inventory:
$30,000
not included in asking price

FF&E:
$1,200,000
included in asking price

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Business Description

SELLER SPECIFICALLY SEEKS A SYNERGISTIC and or STRATEGIC BUYER or PARTNER to work with after this sale is completed for mutual growth and profitability.

WHILE THERE IS NO ASKING PRICE, THE EXPECTED SELLING PRICE WILL BE IN THE LOW "7 FIGURES" (as in about $1,000,000) ARENA.

A full-service drilling company serving the geotechnical, environmental, engineering, and construction communities throughout the Southwestern United States.

With almost thirty years of experience in full size and limited-access drilling, combined with skilled equipment operators, and a fleet of state-of-the-art drilling rigs, this all works to making is offering the reliable choice for all drilling and soil/water/vapor sampling projects.

They offer assistance with field investigations for difficult-to-reach locations as another specialty. Their extensive experience and quality equipment capabilities provide solutions to customer’s projects, unique challenges in a timely, cost-effective manner. They provide skilled personnel and advanced equipment to ensure that all drilling, soil sampling, and related support services exceed their customer’s expectations.

Services offered:
1. Full service drilling
2. Soil sampling
3. Water and vapor sampling
4. Monitoring well installations
5. Rock Coring
6. Full Support Services
5. Off-Road capable Trucks with Mounted Drilling rig

They provide a complete line of specially manufactured equipment specifically designed to operate in limited-access environment applications on land and over water.

Additionally, they approach every customer, project, and job site with respect, a positive attitude, careful attention to detail, and sense of pride in our work.

Seller is very interested in selling to or merging with a larger and or synergistic/strategic buyer for up to five consecutive years for mutual growth and profitability. He MAY also be interested in retaining a minority ownership position with the right Buyer.

(ALL, ALL INFORMATION SUPPLIED IN THIS AD IS FROM THE SELLER AND MUST BE VERIFIED BY THE BUYER. FURTHER, BUYER ACCEPTS FULL RESPONSIBILITY FOR VERIFICATION OF ALL INFORMATION GIVEN IN THE ADVERTISEMENT INCLUDING, BUT NOT LIMITED TO, FINANCIAL INFORMATION AND FACILITY INFORMATION. BUYER UNDERSTANDS AND ACCEPTS THE FACT THAT ALL INFORMATION IS APPROXIMATE AND OR ESTIMATED AND THEREFORE CANNOT BE RELIED ON TO MAKE AN OFFER TO PURCHASE THIS BUSINESS)

About the Business

Location:
San Diego, California
Number of Employees:
8
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
10,070
Rent:
$6,070.00 Per Month
Lease Expiration:
3/31/2024
Facilities:
Office and warehouse centrally located in a major metropolitan area for easy of ingress and egress of construction related trucks and employees. Square footage of their rental facility is : a. Office 770 sf; b. Warehouse 2,300 sf; c. Secured Yard 7,000 sf
Market Outlook/
Competition:
Competition is whatever you make of it. If you offer quality, productivity, with-in project mandates of time and budget, you have very little competition. This offering is miles above all other contenders!
Growth & Expansion:
The opportunities abound within the current offering as well as additional areas of project participation for a larger, better financed owner. We are specifically pointing to additional areas of very profitable growth.
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About the Sale

Reason For Selling:
Seller retiring.
Training/Support:
Seller and existing management will assist in training the right buyer.
Seller Financing:
This would be a good business to bring to SBA. Check with this Broker.

Listing Info

ID:
1650331
Ad Detail Views:
0

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Business Listed by

Jerry Mandrell

Business Advisory Services, Inc.
License# 01487127

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Report an Issue 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 & Conditions.