Business Overview:
CURRENT PRICING IS BASED ON 5X TRAILING 12 MONTH EBITDA. If you are looking for a strong service business with good gross margin, this may be a good fit for you or your company. Oil service companies remain active regardless of the price of barrel of oil. This company employees are well trained, high paid service technicians has top of the line, newer equipment and a strong office staff. As you can see, the numbers show the gross margin of about 80% and net cash flow that exceeds 19% Seller primarily oversees operations, makes sales calls, deals with vendors and reviews financial. Appropriate new buyer or other business partner would have sales marketing, customer contact background and the ability to analyze financial statements, deal with vendors and suppliers, good synergy would be with other oil service companies that need a footprint in the seller s current business area. Strong business that current owner manages hands on, however, management operation staff is in place for this to be managed remotely.
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:
Seller has modern office, shop and yard located in town, which is included in sale price. The site is completely fenced and the land is flat with good drainage.
Market Competition and Expansion:
This business competes in an area where there is high demand for its services, however, there are a fair amount of competitors and maintaining relationships, proper pricing and good customer contact is required to maintain a successful business. The seller has some of the newest and nicest equip in the area. Seller has grown business over time and the ability to continue that growth is available to buyers. Seller has worked in this business his entire adult life and is currently burnt out and looking for other opportunities and semi retire. New blood and energy in the business can result in additional expansions as much as buyer would put effort into the business.
Reason for Selling:
Seller is looking to semi retire and to spend more
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: