High Pay And Good Profit In Oil Fields Business For Sale

Business description

CURRENT PRICING IS BASED ON 5X TRAILING 12 MONTH EBITDA. This company has been providing quality service and construction in the Oil and Gas fields of Montana, North Dakota, Wyoming, and Utah since 1981. Owners provide management and supervision in the field as well as customer contact (no sales staff). Owner states that they have approximately 50 clients that keep them busy, and 20 to 30 clients that they work for on a regular basis. This company specializes In Tank Farm's and collection systems for wells. Business includes: 3 newer backhoes, 2 newer skid steers and 2 fusing machines. All rolling stock is new or newer including: 1 ton's, Goose neck trailers, etc. They do all kinds of oil field construction though including, road building, welding, maintenance and repair of onsite equipment. Net cash flow is generally in the 50% range and employees are well paid with some benefits also paid for by management. Office location is on approximately 2 acres with office, shops, and storage yard. Work can be wide ranging if you wish or work local area only and be home every night.

Property information

Real Estate:

Real Property Included

Premises details:

Large lot on frontage road of main highway in town. Consists of Main office, Shop and additional Storage building / shop. Newer, well maintained facilities with crushed gravel yard for equipment storage. Good signage and comfortable offices and break room for employees.

Business Operation

Expansion potential:

Oil field service businesses tend to grow with production (drilling) and stabilize when drilling is slowing down. With the current price of oil starting to climb again this will surely be an expansion period for the business. Other services such as contract pumping, specialized welding or fabrication could increase sales in any period.

Competition / Market:

Normal competition for this kind of business although this is the Roust a Bout company of choice for many companies when it comes to building tank farms and collection systems (their specialty).

Reasons for selling:

Ready to retire

Employees:

9

Years established:

1981

Other information

Support & training:

Sellers will provide training as negotiated by buyer in the purchase agreement. Sellers will provide ongoing support for buyer also as agreed in purchase agreement.

Financing available:

As Required by lender. Seller is looking to cash out.

Furniture / Fixtures value:

$763,500 (included in the asking price)