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Advert Ref: 32305

Growing, Hi-Profit Oil & Gas Engineering Firm For Sale

Details: Asking price:Undisclosed; Sales revenue:$4,600,000; Net profit:$1,400,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: The Company provides drilling, completion, and well workover programs to independent oil companies in the Rocky Mountain region. The Company provides a variety of engineering services which assist oil and gas exploration and production companies with implementing drilling programs. In 2006, field well-site supervision projects accounted for 85% of sales, flow-back supervision contributed 5%, while engineering design contributed 10%. The geographic market is comprised of Colorado (86% of revenue), Kansas (8%), Wyoming (5%), and Nebraska (1%). Rapid sales growth (58.6% compounded annually from 2004 2006). Excellent profitability (EBITDA as a percentage of sales increased from 15.8% to 29.6% from 2004 2006). Strong Client Relationships The Company is proud of its strong ties to clients and its reputation for quality work and customer service. This commitment is represented in an enviable 95% retention rate of clients. The Company's top 2 customers have been working with the firm for an average of 8+ years. Experienced management and staff available to remain with new ownership