Hot Listing

PRICE REDUCTION Water Well Drilling Company

Asking Price$6,500,000

Cash Flow
$1,000,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$4,000,000

Inventory$250,000
Included in asking price
FF&E$2,452,000
Included in asking price
Real Estate$1,100,000
Included in asking price
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Hot Listing

PRICE REDUCTION Water Well Drilling Company


Asking Price$6,500,000

Cash Flow
$1,000,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$4,000,000

Inventory$250,000
Included in asking price
FF&E$2,452,000
Included in asking price
Real Estate$1,100,000
Included in asking price
Business Description
This company was listed up until recently but was temporally removed from the market due to the death of the major stockholders and two other family members. The death of the majority stockholder created a situation whereby appraisals had to be completed. Now that the appraisals are done, the pricing has changed and lthe asking price has been lowered to reflect the appraisal findings.

This water well drilling company began operations in 1947. The company’s founder and his dedication to his work proved to be the catalyst that began the tremendous growth of the company to where it is today. This company provides well drilling services, water well pump services, and eco-friendly services such as windmill and solar panel installations. Their service area includes Douglas, Elbert, Lincoln, and El Paso Counties of Colorado and the surrounding areas.
About the Business
Years in Operation
78
Number of Employees
15
Facilities & Assets
16 Acres which includes a 3-bedroom brick home, office building with inventory and additional sections, other out-buildings including a large truck storage building. There are four wells located on the property.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Retirement
Transition Support
30 Days free training. One of the owners would like to stay on as an employee after the sale. He currently is the general manager but does not do the physical labor at the well sites.
Listing Info
ID
2341517
Listing Views
2413

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Business Listed by: Larry Blevins American Business Brokers & Consultants

Listing ID: 2341517 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.