Fantastic Water Tank Liner Clamping Device Business

ND

Seller Financing Available
Fantastic Water Tank Liner Clamping Device Business

Asking Price:$600,000

Cash Flow:$13,851

Gross Revenue:$212,088

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2013

Fantastic Water Tank Liner Clamping Device Business

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Business Description

Sellers latest invention, the Safety Clamp, makes it easier and more environmentally-friendly for oil companies to install tank liners, the massive plastic tarps inside large-volume above-ground open storage tanks. Because they’re so easy to handle and install, Safety Clamps are less likely to be dropped on workers below the tank rim than the traditional clumsy models now used in the oil field. Their orange powder coating helps make sure they don’t get lost to rust away in the grass near a tank. Since they are less likely to be dropped, they are also less likely to cause punctures in the plastic liners which, in turn, helps prevent fluid loss and can help protect the environment. Because workers can install them in seconds around the rim of a tank, oil companies are saving money using his invention.

Detailed Information

Employees:
5
Facilities:
Sellers determination to build a better clamp was not an overnight success. It took months of continual re-designing and trial and error, not by a team of engineers, but by the seller and his sons. Some nights he’d take the clamp to bed with him. It was the last thing he thought about at night and his first thought in the morning. His successful concentration on an idea such as the Safety Clamp gives energy to one of his mottos, “With determination, dreams come true.” This summer, the company is supplying large oil field companies with thousands of the clamps to be used in the Bakken region of North Dakota. He also has orders coming in from Texas, Oklahoma, Wisconsin and Pennsylvania oil fields. Companies from Australia, Norway, India, Mexico and Canada are placing orders for thousands of his clamps. Production has expanded outside the area. He subcontracts the work to companies in several states including North Dakota and South Dakota. Quality assurance is still his responsibility. Every single clamp is handled and inspected in his shops locally.
Competition:
The Safety Clamps patent pending design gives them a competitive advantage compared to anything in the market. There are other less effective products in the market but do not perform like this product.
Growth & Expansion:
Worldwide orders that show orders of 10,000 to 80,000 clamps.
Financing:
300000.00
Support & Training:
52 weeks
Reason for Selling:
other interests

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Tim Herrmann

Business Listed By:
Tim Herrmann

Transworld Business Advisors of Bismarck

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Sponsoring Broker:
Fred Koenig

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