Oil/Gas services

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Oil & Gas cash cow!

Business Description

Spectacular company specializing in removal and transport of soil removed from oil and gas drilling sites throughout Central-Western PA, Eastern Ohio, West Virginia and NY state. Company has excellent management in place WANTING to remain post sale, drivers and agreements in place with over 65 oil/gas drilling companies.
Company has impeccable safety record and safety manual (600 pages)extensive equipment, lots of work, and strong relationships with Oil/Gas companies that cannot be had by new players. Barrier to entry very high as oil/gas companies won't deal or work with new inexperienced operators.
Company was available before and taken off market for buyer who was unable to close purchase and provide funds to acquire company. BUYER prospects MUST provide proof of funds!

About the Business

Year Established:
2010
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$3,750.00 Per Month
Lease Expiration:
5/1/2024
Facilities:
Solid simple buyilding and yard for trucks and containers etc. to be stored waiting for field placement and office for GM.
Website:
carlpallini.com
Market Outlook/
Competition:
There are others in the massive oil/gas services ndustry. In the Marcellus Shale and Utica Shale formations this company is a dominant service provider of soiul removal.
Growth & Expansion:
Huge! Add trucks, add drivers as the work is out there.
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About the Sale

Reason For Selling:
develop oil wells
Training/Support:
4-8 weeks
Seller Financing:
possible

Listing Info

ID:
1622147
Ad Detail Views:
0
Asking Price:
$6,995,000

Gross Revenue:
$3,650,000
Cash Flow:
$1,963,000
EBITDA:
$19,630,000
Inventory:
 Not Disclosed

FF&E:
$3,292,000
included in asking price

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Business Listed by

Carl Pallini

Tri State Business Authority

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Source: American Community Survey (2010-2014), United States Census Bureau.

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