Business For Sale

Manufacturing: Energy, Oil, Petroleum, Gas Production


Own Oil Wells / Absentee Run $10K-$12K+ MO.

Chicago, IL

Asking Price: Annual Revenue:
$147,500 $2,500,000

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RE: Own Oil Wells / Absentee Run $10K-$12K+ MO. Broker: Bob Fox Business Broker

Quick Facts

Asking Price: $147,500
Annual Revenue: $2,500,000
Net Profit: $100,000
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
Listing Number: 895650024

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Business Overview:

Great ABSENTEE RUN business, in fact the only TRUE Absentee run business you'll find. Keep your day job while owning a piece of 6 oil wells to be drilled in Oklahoma on a property they recently hit a well that produced 300 BARRELS PER DAY. The wells will be operated by a very successful company with over 35 years in the business who have drilled over 200 wells in Oklahoma . The area has produced over 30 MILLION barrels of oil since the early 1920's with millions of barrels still remaining in the ground . Oklahoma is now in the early stages of a new oil boom as new technology and new fracing techniques allow them to go back to these old oil fields and capture the 10's of millions of barrels of oil still remaining.
This is a great opportunity to start your own ABSENTEE RUN business at a very low start up cost with : No monthly rent , no employees to pay , no inventory, no advertising costs , expand the business at your own pace . You simply collect monthly checks based on the amount of oil and natural gas produced from the wells which can produce for 10-30+ years. As oil prices go higher your monthly income goes higher. Plus you receive the BEST tax benefits / write offs of any business in the world even if your wells are producing large amounts of oil. Your free to come visit the company and the well site plus other wells the company operates in Oklahoma. Very limited opportunity.

* This is not an offer to buy or sell securities

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Property Features and Assets:

Wells located in Oklahoma

Additional Details:

  • The property is leased.
  • 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.

Resources:

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