Oilfield Lodging Business

Not Disclosed, TX
Midland County

Asking Price: Annual Revenue:
$1,200,000 $1,248,578

Recreation: Campgrounds & RV Parks

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RE: Oilfield Lodging Business Broker: David Powell

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,248,578
Net Profit: Not Disclosed
Cash Flow: $254,109
Total Debt: Not Disclosed
FF&E: $537,000
Real Estate: $280,000
Year Established: 2013
Employees: 2
BBN Listing #: 24984955
Broker Reference #: 6002-14674

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Business Overview:

Company was established in 2012 with the goal of offering an economical alternative to hotels. The company originally purchased (40) 32’ X 8’ RV travel trailers. In the last two years the demand grew rapidly and currently the company is operating with (95) trailers. The trailers are leased to accommodate work force housing for construction, oil service and Pipeline employees. The employees are deployed to jobs in remote areas with no houses, schools, or supermarkets, therefore; they seek temporary housing while working away from home. The trailers are moved to areas where demand is the highest.

Due to thousands of these workers living in dormitory-like compounds (man camps) in the West Texas & Eastern New Mexico, the business continues to serve a need while showing strong profit. Owner is expecting 2019 profit around $300,000.

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Property Features and Assets:

The company owns an office/warehouse on a one (1) acre tract with a 450 sq ft building in Midland used to store vacant trailers, additional parts and moving equipment. On this site there are also (2) trailers occupied by the onsite manager & (1) maintenance employee. Owner is in the process of permitting 14 additional RV lease spaces for additional income at the property and a studio apartment. Land includes (1) Water well, septic and electrical service. The property is enclosed with a Cedar fence and has a nice stone entry. Total Assets Included: $837,000

Market Competition and Expansion:

Man Camps, Super 8 Motel, Motel 6 and other lower budget hotels in the area. A new owner could grow the business by purchasing land and building an RV Park. Add a truck to sell Food, supplies, household products and general grocery items. Add a trailer with laundry coin/card operated laundry machines. Increase marketing with radio ads and mailers to various companies promoting rentals.

Reason for Selling:

Dedicate more time to family.

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.

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