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  • RE:  34 Year Old Drilling Tools Manufacturer
  • Contact:  Steve Merritt
Owner Financing is Available!
Owner Terms:$1,000,000.00 Interest:7% Term Months:60

Quick Facts

Asking Price: $2,512,105
Annual Revenue: $6,400,000
Net Profit: Not Disclosed
Cash Flow: $367,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 934609
Broker Reference #: 76931-928335

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Business Overview:

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-928335

Decades old profitable premium drilling tools manufacturer with domestic and global distribution is seeking a new owner as the founder looks to retire. The business is offered at $2.5M while the real estate will be at market value, currently estimated to be $1.1M. Unique line of products afford a competitive advantage in the industry. Extensive working capital is included in the offering.

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Property Features and Assets:

Real Estate Asking Price: $1,041,000.00

Facilities: Facilities include approx 7,000 square feet of office and manuf. space in NW Hosuton.

FF&E General Condition: good

 

Reason for Selling:

Retiring

Additional Details:

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

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