Leading Oilfield Supply and Manufacturing Company For Sale

Business description

This company is an area leader in the Supply and Servicing of Oilfield Equipment, which is the vast majority of the company's Sales. However, the company also manufactures Truck Beds, to further service the needs of customers in the area. Having other "offerings" yields business diversification, but the company's main end-market or focus, nonetheless, is Oil & Gas. By having strong relationships with Oil & Gas producers in the region, the company could easily grow by adding additional locations outside of its current "coverage area". The increasing interest in on-shore drilling and clean energy will ensure this company's future is secure, as the bulk of the company's customers are Natural Gas-related in fact. Furthermore, the Truck Bed Manufacturing division boasts a quality product with a scalable business model, and just needs more of a Sales force to drive growth.

Property information

Real Estate:

Real Property Included

Location:

3 separate buildings occupying 3 acres of land.

Size in square feet:

17,340

Other information

Expansion potential:

The continued increase in interest in and demand for onshore drilling will keep this company growing for years to come. Furthermore, because the company is in a Natural Gas "hotbed", we believe more producers will migrate to this region in the coming years as Natural Gas remains a "clean energy initiative" focus. Additionally for growth, a new owner will want to expand and improve existing facilities, expand Inventory and services, buy direct when possible, grow "e-sales" and grow the Truck Bed dealer network

Support & training:

Seller is willing to train the new owner

Reasons for selling:

Retirement

Trading hours:

M-F 8-5

Furniture / Fixtures value:

$485,443 (included in the asking price)

Inventory / Stock value:

$1,000,000 (included in the asking price)