Oil & Gas / Oilfield Tool Rental and Services

OK

Oil & Gas / Oilfield Tool Rental and Services

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,600,000

EBITDA:$400,000

FF&E:$4,800,000

Inventory:N/A

Established:N/A

Oil & Gas / Oilfield Tool Rental and Services

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Business Description

The reason this company has been in business for many years and weathered the storm is because they provide the oil patch with top quality oil field tool rental and services and are known for excellent work and reliable products and services. The owner wants to hand off the company to a suitable buyer to carry on their legacy. They have long established relationships with over 125 loyal publicly traded and privately-held customers (note that being on an energy company’s vendor list is not an easy task and is very valuable). Their repeat business is approximately 70%. They have a solid asset base of equipment (estimated fair market value of $4.8 million) and they are consistent at generating a strong bottom line margin (minimum EBITDA margin of 20% over the last 3 years, with 2016 expected to be 25%).

With new direction at the top, or with the right strategic buyer, this company can leverage its location, skilled employees, and their reputation to new heights. Management is in place and a buyer is expected to have a very smooth transition. With high barriers to entry in this sector, great margins, and highly qualified personnel, this is an excellent opportunity for the right buyer, especially a buyer motivated to increase the Company’s historically limited marketing efforts. In addition, with the energy sector rebounding, there are opportunities to expand their products, services, and expand geographically.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Ample facility designed to service regional area.
Competition:
With the downturn in the energy sector in 2015, several competitors closed or moved, and the Company now has limited competition. In fact, the Company has been increasing customers while many other companies have lost customers.
Growth & Expansion:
Very viable growth opportunities exist with increased marketing, adding products and services, and expanding geographically.
Support & Training:
Although owner is open to a negotiable transition period, the business is run primarily with management in place that is expected to stay on with the company post sale. The transition with a new owner is expected to be smooth.
Reason for Selling:
Retirement

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Fred Phillips

Business Listed By:
Fred Phillips

Business Exchange Specialists, L.L.C.

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