Asking Price: $5,200,000 Gross Revenue: $7,575,471Cash Flow: $1,351,465EBITDA: $1,351,465Inventory: Not Disclosed included in asking priceFF&E: $3,500,000 included in asking priceReal Estate: $150,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This oilfield service company is primarily engaged in the business of collecting wastewater from drilling sites and hauling it to disposal wells. This water hauling service, provided by vacuum trucks, accounts for about 75% of the company’s revenue. Additionally, the company also offers pulling unit crews on location as well as provides hot oilers on site - this is where the remaining 25% of revenue comes from.
The financials presented are the pacing figures for 2018. Financials going back to 2015 will be provided after the NDA is signed.
About the Business
Number of Employees:
The business has two yards. The primary four-acre property is included in the sale, while the second property is also the location of one of the owner's other businesses. So a new second location will need to be leased or purchased after closing, and the owners will assist with that search.
Water hauling is a competitive business in the oilfield, but the key to being able to compete is by obtaining master service agreements (MSAs) with the energy companies doing the drilling. This business has 20 MSAs that it actively operates under.
Growth & Expansion:
The business is at capacity and is turning away work at this time. So a new owner with the motivation to grow can do so immediately simply adding equipment and manpower, and starting to accept those jobs currently being turned away. This is how the owners have grown the business so quickly to this point, but making this their primary business was never the objective, which is why they are selling it now - it's gotta too big for them and someone else needs to take it and continue growing it.
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
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