Oil And Gas Supply And Repair Retail Store For Sale

Business description

Oil and Gas supply and repair stores are a hot commodity in the Oil and Gas shales. Drilling and Production companies maintain inventory and supplies by purchasing items directly instead of having items needed shipped directly and having downtime on rigs. Stores are supplied with over a 1000 items in stock for customer needs. They supply all the major companies in the area as well as the production service companies in the area. The supply store specializes in the following items downhole sucker rod repair, tubing and anchor repair, downhole packer repair, stuffing boxes and rod rotators, service workover rig companies with pipe dope, swab cups, pipe wipers, and hand tools, complete line of poly pipe and fittings, sucker rods, tubing, well heads, weld fittings, lined pipe and many special order items just to name a few. Real Estate sold separately.

Property information

Premises details:

Two Separate locations to better cater to oil field and production companies. Location #1 is approximately 3700 square feet and location #2 is approximately 5500 square feet. Owners are involved in the business however have an HR, Safety, Accounting, and Management team in place.

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 and gas production increasing this will surely be an expansion period for the business.

Competition / Market:

Normal competition for this kind of business although this is the Oil and Gas supply company of choice for firms. This company is highly recommended and is known for excellent customer service and quality.

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.