Active
Oilfield Wireline with Vendor Exclusivity Rocky Mountain Range! (17956)
Well-established and catering to several U.S. states, this leading provider offers a comprehensive suite of oil & gas wireline services for government contracts and more!
- Quality-focused Services: open hole plug & perforating, surveying, pipe recovery, crane services, and pressure control.
- Vendor Exclusivity in the Rocky Mountain Range.
- SDE Margins of 18.5%, Sales for 2024 projected at $8.1 Million!
- 2023 Revenues $7.6 Million, $1.3M Discretionary Earnings!
- Experienced management teams!
- Ownership offers cross-training and consultation for streamlined operations and available for transitioning after the sale.
- Several marketing channels leveraged: internet ads, print media, online presence (social media & website), steady verbal referrals
- Strategically designed for its industrial services, a 3,200 square foot facility features offices, shop space, and ample storage.
- Long-term supplier relationships and nationwide government contracts for surveying!
- Many growth avenues still available!
Listed By: Paula Kruger
Background information
Seller Number:
17956
Year established:
2010
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$7,600,000
Profits:
$1,300,000
Profit type:
Discretionary Earnings
Operations
Employees:
31 nonunion.
Equipment:
$3,612,326
Inventory:
$1,850,000.
Premises
Facility:
Property can be purchased separately for $750,000.
Square footage:
3,200+/-
Rent and lease terms:
Can hold a monthly tenancy of $7,500.
Opportunities
Market:
Internet Ads, Prints, Presence in Social Media & Website, Referral Sources.
Price and terms
Price:
$5,500,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Cross-training and consultation for streamlined operations is available for an acclimation period after the sale.