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Asking Price:	Not Available
Business for Sale Industry:	Services: Non-classifiable
Year Established:	1954
# of Employees:	50
Yearly Revenues:	$5,300,000
Yearly EBITDA:	$786,000

Business for Sale Overview:

The March Group, LLC currently represents a premier provider of industrial maintenance services to the oil, municipal and governmental in the Southwest. Although a material portion (80%) of the Company’s revenue derives from services rendered to the oil field industry, the expert sandblasting, painting, and coating services offered can apply to almost any industrial environment. 2007 revenues of $5.3 million represent a 15.7% percent increase over 2006 levels, with EBITDA growing to more than $746,000. Specializes in the service of crude oil tanks; also maintains water tanks, power and gas plant tanks, and fuel tanks. Very consistent revenue stream generated through Regulation API 653, under which tanks must be inspected and serviced every 5 years. Owner/President is a certified inspector with the National Association of Corrosion Engineers; additional employees are in the process of obtaining certification. Impressive blue chip client list includes some of the biggest names in the oil industry. Services 20 to 30 large tanks and 350 plus small tanks annually; turn-around size depends on the size of the tank. 50 non-union employees, boasting an average experience of more than 5 years, are dispatched to the client’s facility as projects dictate. Maintains a backlog of approximately $500,000. In good standing with both OSHA and the EPA. Strategically located HQ supported by 2 satellite yards in industry-rich markets; exciting opportunities for further market expansion.

Property Features and Assets:

All administrative functions are carried out from Company-owned headquarters: 2,000 square feet office and 20,000 square feet shop situated on 5 acres. Two leased satellite yards offer 4,500 square feet of combined office/shop space.

Market Competition and Expansion:

In light of excellent growth projections for the industry, Company management has embarked on a comprehensive business development plan. Long-standing history of success will enable the Company to achieve geographic expansion and market development goals, while intensive analysis of current bidding processes and cost controls will increase efficiency and profit margins.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for 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.