Business for Sale Overview:
The March Group currently represents an oil field services company providing hydrostatic pressure testing (60% of 2007 revenue) and magnetic scanning (40%) of down hole tubing, which is utilized in oil and gas wells. An excellent reputation built through superior professional service, emergency after hour and weekend service, a well-trained staff and state-of-the-art equipment has positioned this already highly profitable Company for exciting growth possibilities. In 2007, the Company posted EBITDA of $745,000 on revenues of $2.3 million, with projected EBITDA of $1.3 million on revenues of $3.8 million for 2008. Loyal account base of approximately 20 customers, with 100% of 2007 revenue generated from repeat business. Boasts a solid team of well-trained and loyal employees, providing services 24 hours a day, seven days a week. Currently operating a total of twelve testing trucks and four scan trucks, with additional trucks added as needed to meet demand. Largest service provider of its kind within a 200-mile radius of the Company’s headquarters. Holds contracts with top oil companies in the U.S., including Chevron, Exxon and Apache. Business is currently generated through word-of-mouth, customer referrals and networking within the local community, leaving open several avenues for growth through marketing.
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Property Features and Assets:
Facilities are comprised of 6,400 square feet total of leased office space. Headquarters are situated on a large fenced dirt lot providing ample space for securely parking Company vehicles.
Market Competition and Expansion:
Future growth will be driven based on the oil and gas industry moving forward at its current pace and the Company continuing under its current business model. Growth possibilities include expansion of geographic territory, services offered and increased business from existing customers.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.