Oil Field Rental Business In The Bakken For Sale

Business description

This company has been providing quality service and sales in the Oil and Gas fields of North Dakota. Owners and staff provide specialized rental equipment and service in the field as well as great customer service to the clients. This company specializes in rental and leasing sales and service of light plants. Other services include, fuel transfers, haul fresh water to rigsites, 24 hour IT support for satellite services, many styles of trailers, and any other rental equipment needed for the oil field, full service delivery to and from specific sites, hot shot services . Net cash flow is generally in the 50% range and employees are well paid with some benefits also paid for by management. Excellent office location with shop and storage yard. Competitively priced for quick sale. Projected Cash Flow for 2011 will be $6.7 Million.

Property information

Premises details:

Shop and Yard in desirable area of town. Consists of Main office, Shop and well taken care of yard. Newer, well maintained facilities with crushed gravel yard for equipment storage. Good signage on highway frontage.

Other information

Expansion potential:

Additonal capital would help company meet the demands for growth that it is experiencing. Adding more equipment and expanding the territory they currently work could increase sales in any period. Cannot currently meet the demand for services that they provide.

Competition / Market:

Normal competition for this kind of business although this is the Rental and Leasing service company of choice for many companies. This company is highly recommended and is known for excellent customer service. Also is the exclusive vendor (sales, Rental, & Service) for some equipment.

Support & training:

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

Reasons for selling:

Has other business interests.

Furniture / Fixtures value:

$7,700,000 (included in the asking price)