Seller Financing Available
Gross Revenue: $3,800,000
Drilling & Oilfield Equipment/Spare Parts for Intl’ Customers
Founded in 2006, this company is a value-added distributor of oilfield exploration and production equipment. Also, due to extensive experience in international logistics, the Company supports their customers in finding innovative ways to streamline the supply of materials to international locations. With a superior industry reputation, strong customer and supplier relationships, industry expertise, immediate product availability, and solid management team, the Company is well-positioned for continued growth.
Broad Product Availability: The Company sells a variety of products, including accumulators, calipers, chemicals, compressors, degassers, drive systems, electrical accessories, engines, filters, fittings, generators, hoists, hydraulic system components, instrumentation, manifolds, motors, mud system components, pumps, safety equipment, valves, and other equipment. Management anticipates capitalizing on its extensive inventory and supplier relationships during the pro forma period. The Company targets oil and gas market segments internationally. It maintains a base of approximately 40 to 50 active customers, and over 98% of revenue comes from recurring active customer orders. Its established customer base is a strong asset that contributes to stability, and presents opportunities for revenue growth.
Facilities: The facility comprises 4,000 square feet, and is utilized for office and warehouse purposes. The facility is leased from the shareholders above the market rate, and can accommodate significantly higher revenues without major facility improvements or capital equipment expenditures.
Competition: Focus on Innovation - Qualifications - Broad Product Availability - Strong Customer Relationships
Growth & Expansion: Management cites opportunities to grow revenues and profits above and beyond the projections discussed herein given appropriate investments in capital assets and human resources. More specifically, opportunities for growth include new product additions, and geographic and target market expansion.
Support & Training: Management Will Remain through Transition: The active shareholder is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling: Retirement planning/Seeking Investment Partner
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