Business for Sale Overview:
Non-Destructive Testing Company operating in several states is offering its Colorado operation for sale. Revenues are generated primarily from providing the essential service of radiographic inspection of welds in pipelines, vessels and other fabricated equipment. The Colorado office operates independently and has shown significant revenue and profit growth over the last several years due to increased drilling activity in the prolific oil & gas basins in the area. Thirteen two-man crews (Level I & Level II technicians) and 11 fully equipped trucks are on call 24 hours per day. Activity level is so high that the Company is currently turning down work. Revenues increased 30% in 2006, 91% in 2007, and are on track to increase over 25% in 2008. Great growth opportunity. Company-owned facility, which includes a shop, office, and a radiographic exposure bay, are part of the sale.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
6,000 Square feet freestanding facility owned by seller on 15,000 Square Feet of land.
Market Competition and Expansion:
1. Currently turning down work - increase crews and trucks. 2. No salespeople or internet presence - hire sales reps, increase advertising. 3. Expand operations on Western Slope. 4. Expand use of in-house radiographic exposure bay.
Reason for Selling:
Divestiture of Division - scaling back.
Additional Details:
- The property is owned.
- The owner may be 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.