JS 503 - Machine Repair and Service (Multiple Locations)

Midland, TX (Midland County)

JS 503 - Machine Repair and Service (Multiple Locations)
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Asking Price: Get Financing: $4,000,000

Cash Flow: $1,255,640

Gross Revenue: $3,917,099

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

JS 503 - Machine Repair and Service (Multiple Locations)

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Business Description

Fast growing business with tremendous room for additional growth

The Machine Repair and Service shops have served the Permian Basin for over 10 years in an explosive growth market in a niche industry. The business has significant growth projected into the future as the area is projected to continue to grow over the foreseeable future. The business is run semi absentee

As a reference, this area is the largest pool of recoverable oil in the world outside of Saudi Arabia and is projected to grow oil production from 3.5 million barrels by the end of 2018 to 5.0 million barrels a day by 2020 to 8.0 to 10 million barrels per day over the next decade potentially surpassing all OPEC members.

With the increase in oil production in the middle of 2016 the Machine Repair and Service shops were booked solid with the potential to open a new locations in the area.

Please contact JOHN SMALL (EXT. 103) for further information.

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Detailed Information

Reason for Selling:
Other Business Interest
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Omar Garcia MBA, CBI, M&AMI

Business Listed By:
Omar Garcia

VR Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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