Business For Sale

Oil And Gas Industry Parts Supply Company

Not Disclosed, TX

Central Texas


Asking Price: Annual Revenue:
$1,800,000 $2,132,836

Manufacturing: Energy, Oil, Petroleum, Gas Production


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RE: Oil And Gas Industry Parts Supply Company Broker: Derik Polay

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $2,132,836
Net Profit: Not Disclosed
Cash Flow: $593,306
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1971
Employees: 13
BBN Listing #: 156546576
Broker Reference #: Not Disclosed

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Business Overview:

This is a very successful and long-established business in Bosque County in the oil and gas industry. The business was started in 1971 and has supplied fasteners, hydraulics, tools and other related products without interruption. With a very-solid reputation, the business is known for their variety and quality of products. With field sales they are able to take orders and deliver on site. The sales team is known for their service and expertise in the field. Due to this, the business gets the first call and has developed a great reputation. Customers have also come to them because the products are competitively priced as well. With oil prices on the rise drilling has also been on the rise. This has a direct correlation on sales. As 2017 was a banner year so should 2018 and beyond as oil prices continue to rise and the industry stabilizes.

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Property Features and Assets:

15,000 square foot warehouse and office building.

Market Competition and Expansion:

The businesses current customers include oil drilling rigs, oilfield truck fleets, pipeline construction companies and other industry players. The Seller believes there is more room to grow revenues with the current customers by establishing smaller regional warehouses in Texas, Oklahoma and Louisiana where customers can get product just in time. The business is known for having consulting expertise and a broad inventory of hard to find products. A new owner could easily grow by hiring new sales reps in the oilfields that are most active by adding new territories or carving up current territories. According to the owner there is an opportunity to expand and increase sales by adding satellite warehouses and/or retail sales outlets that hold fast moving SKU’s that can be sold to customers and installed quickly in the field. A new owner could also expand national sales coverage by expanding online sales.

Reason for Selling:

Retirement

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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