Successful Ontario Well Drilling Firm

Not Disclosed, Ontario

Asking Price: Annual Revenue:
$7,100,000 $3,447,740

Services: Construction, Contractors

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RE: Successful Ontario Well Drilling Firm Broker: Gordon Schofield

Quick Facts

Asking Price: $7,100,000
Annual Revenue: $3,447,740
Net Profit: Not Disclosed
Cash Flow: $1,796,028
Total Debt: Not Disclosed
FF&E: $2,094,922
Real Estate: Not Disclosed
Year Established: 1974
Employees: 10
BBN Listing #: 83164955
Broker Reference #: 9105-17184

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Business Overview:

This multi-generational business continues to perform very well with an extensive customer base. Included in the sale are fixed assets with an original cost of over $2.1 Million and a current market value approaching $1.5 Million. Roughly one third of the annual revenue comes from repeat contractor clients that need wells for their new projects each year. A small amount of commercial business also occurs each year. The business drills and completes over 150 water wells each year and turns away over 100 wells that it cannot complete due to capacity limitations This demonstrates a solid potential for growth in the region.

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Property Features and Assets:

The business operates out of a mid-size service and shop facility with yard capable of supporting all vehicles, service activity and inventory. The facility is not currently for sale with this listing so ongoing rental cost will continue. However it could become available. Assets = $2,302,651

Market Competition and Expansion:

A number of well drilling competitors exist in various regions around the province. There is an opportunity for consolidation. Significant potential for growth exists on both the services side of the business and completing more new wells each year using additional headcount and equipment.

Reason for Selling:

The owners have decided to retire.

Additional Details:

  • The property is leased.
  • 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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