37430-Oil and Gas Drilling Equipment Manufacturer

TX

Seller Financing Available
37430-Oil and Gas Drilling Equipment Manufacturer

Asking Price:$2,500,000

Cash Flow:$240,000

Gross Revenue:$1,200,000

EBITDA:$135,000

FF&E:$1,600,000

Inventory:N/A

Real Estate:$800,000

Established:2008

37430-Oil and Gas Drilling Equipment Manufacturer

Get Financing Save Print Share Valuation Report

Business Description

This West Texas Company specializes in manufacturing and repairing onshore drilling tools for oil and gas drilling companies near the Midland-Odessa Area. The Company’s primary products and services include oil field pipe threading, fishing tools, down hole tool rework and manufacturing. The Company operates from four facilities totaling 13,600 square feet of production space. Upgraded electrical for machines and the facility is fully capable to take on more machines. The strong base of capital equipment includes metal machining tools and fabrication equipment, as well as experienced personnel to operate the equipment. The Company has a blue chip customer list including nationally recognized clients. No customer accounts for more than 14% of annual sales. With minimal marketing efforts, a new owner could reap great benefits by setting up a marketing plan.
Strong track record of profitability - Market leader in West Texas - Blue chip customer list - Exceptional base of specialized capital equipment valued at $1.6M - Property included valued at $800k - 6 nonunion employees - Annual capital expenditures less than $30k - $9B industry poised for strong recovery under the Trump administration - Primary owner willing to stay on and run the business - Owner financing negotiable.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a 2.2-acre lot, with four buildings totaling 13,600 square feet of operational space. The front property has a 40’ x 140’ building with upgraded electrical service. The back property has two large shops, a small shop, and an apartment.
Support & Training:
While one owner wishes to transition only, another is available for an extended period.
Reason for Selling:
Approaching retirement.

Listing Statistics for Premium Members

Ad#:1384484 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Buyer Division

Business Listed By:
Buyer Division

IAG

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings