Service & Maintenance - Oil & Gas Industry

Midland, TX
Harris County

East Texas & West Texas


Asking Price: Annual Revenue:
$5,000,000 $9,975,000

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Service & Maintenance - Oil & Gas Industry Broker: Don Kirchoff

Quick Facts

Asking Price: $5,000,000
Annual Revenue: $9,975,000
Net Profit: $2,275,000
Cash Flow: $2,275,000
Total Debt: Not Disclosed
FF&E: $5,000,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 60
BBN Listing #: 592657777
Broker Reference #: Not Disclosed

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Business Overview:

This Texas-based Company, founded in 1980, is managed by its owner to produce Cash Flows of approximately 25% of Total Income in good years and maintain capacity to respond quickly to industry turn arounds in down years. The Owner has navigated many up/down cycles in four decades. He maximizes profits by retaining and maintaining high quality assets during downturns, which sets up maximum profit capacity in boom periods.

The Company's mission is to provide customers with a broad range of cost effective, high quality, value added construction, maintenance, repair, and hauling services delivered with a commitment to efficiency and safety by highly experienced personnel.

The Company’s 60 full time employees are its greatest asset and the workforce has been expanded to 120 employees in peak periods. The management team has an average industry experience of approximately 15 years (cumulative experience approximately 120 years). The Owner performs overall general management, leaving field operations to key field supervisors.

The Owner has decided that after 39 years he will pursue other business and personal interests. He seeks a Buyer with significant energy sector management or company ownership experience capable of assuming ownership and leadership of the Company in a relatively short time.

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Property Features and Assets:

Included in the Selling Price are: Working Capital (A/R - A/P) of $120,000 and equipment of $5,000,000. (Also available for purchase are $3,000,000 of excess assets; Location #1 - lease for $4,500/month; Location #2 - lease for $4,500/month or purchase for $700,000.)

Market Competition and Expansion:

The market for the Company's multi-industry services is many tens of millions of dollars. The Company successfully and profitably moves resources to areas of service demand as required by its customers. The Company provides oil & gas services in east Texas and in the Permian Basin. Services are provided to mining, municipal and other commercial customers in east Texas. The Company has approximately 35 Master Services Agreements (MSA) with oil & gas, mining, municipal, other commercial and individual customers. MSA’s produce 90% and competitive bids produce 10% of revenues. Revenue in 2018 was produced from 65 clients; the top 10 and the top four produced 87% and 65% of revenues, respectively.

Reason for Selling:

Owner will retire.

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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