NDT Business In Bakken Oil Field For Sale

Business description

Non Destructive Inspection/Drill Collar Inspection companies test the drill pipe/tools for leaks, cracks, dents, rust, and weakness. They work on location to ensure the drilling company continues to be productive when a pipe/tool is damaged. Safety is a must in this type of a business to ensure the rig is working correctly and that no pipe/tool is damaged. This company works for all the majors and has a very diverse portfolio. Company has an excellent safety record and is the inspection company of choice. Company is on call 24/7 and is staffed appropriately.

Property information

Premises details:

Large shop in desirable area of town. Consists of storage area, office, and other amenities. Good road access and visibility. Real property sold separately.

Business Operation

Expansion potential:

Adding a salesman in the field and expanding the territory they currently work could increase sales in any period. 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.

Competition / Market:

Large shop in desirable area of town. Consists of storage area, office, and other amenities. Good road access and visibility. Real property sold separately.

Reasons for selling:

Ready to retire.

Employees:

15

Years established:

1981

Other information

Support & training:

Sellers will provide training as negotiated by buyer in the purchase agreement.

Financing available:

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