3 Location Oilfield Supply Store in Western Kansas

Hays, KS
Ellis County


Asking Price: Annual Revenue:
$1,300,000 $1,940,479

Wholesale/Distribution: Durable Goods


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RE: 3 Location Oilfield Supply Store in Western Kansas Broker: Jake Boyd
Owner Financing is Available!
Owner will do some seller financing. Any SBA loan would need it anyways.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $1,940,479
Net Profit: $300,000
Cash Flow: $487,624
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: $300,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 367741672
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Project WKS is a 3 location supply store for the Oilfield in Western Kansas. The company is basically a supplier of components and equipment used to build, remediate, and upgrade oil and natural gas infrastructure including wells and pipelines. Unique to the business are 2 “pump shops” in 2 of the 3 locations. The company operates out of the three locations and supplies all of the equipment and parts required to build and maintain oil and natural gas wells including pipe, casing, tubing, rods, pumping units, fittings, wellheads, valves, poly goods (tanks/pipe), customized/refurbished pumping systems and components, and other expendables and miscellaneous parts. Being in business for 15 years, the company is a mainstay in the industry with a great reputation.

Business Highlights:
Company Growth: The low-hanging fruit is to add more supply stores in adjacent or growth areas. This adds scale, but also margin improvement because it increases “buying power”. Buying more inventory at a discount, thereby increases margins when selling to customers. There are other service areas that could be added on such as expansion into commercial/industrial end-markets (HVAC, Construction, etc.) expansion of existing products with vendors, and possibly adding value-added services like inspection or machining.
Market Channels: The company predominantly sells to E&P companies and producers.
Competitive Advantage: The company is a market leader in Western Kansas. Few competitors are in the regions they currently serve. The company, being a market leader, has an excellent reputation and provides impeccable service to customers and excellent relationship with all vendors.
Management: Current ownership would stay on to help as needed for a transition period. There are essentially “General Managers” over each branch which would be intact going forward for new ownership.
Industry Growth: Demand for the Oil & Gas industry has been very high of late, with commodity prices returning to levels not seen since 2014. The global oilfield services market size was $267.82 billion in 2019 and is projected to reach $346.45 billion by 2027, exhibiting a CAGR of 6.6%
Financials: No debt. No customer over 20% of Revenue for 2021. Strong asset base and excellent candidate for financing. Inventory usually is about $1m. Real Estate could be sold or leased. 2 of the 3 locations are owned by the majority owner and CEO.

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Property Features and Assets:

2 location's real estate is owned, the other leased.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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