This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by MergersUS Inc. or any other third party regardless of whether such security, product or service is referenced in this website. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.
This website is operated by MergersUS Inc.a US Corporation with registered office at 40th Wall Street, Suite #2725, New York, New York 10005, United States of America.
Highly Profitable Midwest Oil & Gas Service Business
Highly Profitable Midwest Oil & Gas Service Business
Description
L#20230546
With four drilling rigs capable of reaching 14,000 ft, this company specializes in providing oil and gas drilling, rigging, and other oilfield related services. Other noteworthy services include equipment hauling and distribution of branded drill bits. The owner acts as a General Manager with a strong team to keep operations streamlined through several projects. With its broad range of services, the marketing efforts focus on targeting oil and gas field properties in the northeast quadrant of the Midwest. Revenues have been increasing over the past four years due to an increase in regional oil and gas production.
With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. Operating from a 33,345-square foot, four building property, the facilities sit on approximately 13 acres and are available for lease or a separate purchase at $1,500,000 +/-.
The facilities included the main shop for job preparation and equipment repair, warehouse space, front and rear parking, and office space. The company has a proven track record, supported by 93 personnel and nearly 30 years of ongoing business. The price includes inventory and equipment, with negotiable A/R, A/P and WIP as a cash-free, debt free opportunity.
This remarkable business model is ready to reach new heights with expansion.
With four drilling rigs capable of reaching 14,000 ft, this company specializes in providing oil and gas drilling, rigging, and other oilfield related services. Other noteworthy services include equipment hauling and distribution of branded drill bits. The owner acts as a General Manager with a strong team to keep operations streamlined through several projects. With its broad range of services, the marketing efforts focus on targeting oil and gas field properties in the northeast quadrant of the Midwest. Revenues have been increasing over the past four years due to an increase in regional oil and gas production.
With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. Operating from a 33,345-square foot, four building property, the facilities sit on approximately 13 acres and are available for lease or a separate purchase at $1,500,000 +/-.
The facilities included the main shop for job preparation and equipment repair, warehouse space, front and rear parking, and office space. The company has a proven track record, supported by 93 personnel and nearly 30 years of ongoing business. The price includes inventory and equipment, with negotiable A/R, A/P and WIP as a cash-free, debt free opportunity.
This remarkable business model is ready to reach new heights with expansion.
Description
With four drilling rigs capable of reaching 14,000 ft, this company specializes in providing oil and gas drilling, rigging, and other oilfield related services. Other noteworthy services include equipment hauling and distribution of branded drill bits. The owner acts as a General Manager with a strong team to keep operations streamlined through several projects. With its broad range of services, the marketing efforts focus on targeting oil and gas field properties in the northeast quadrant of the Midwest. Revenues have been increasing over the past four years due to an increase in regional oil and gas production.
With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. Operating from a 33,345-square foot, four building property, the facilities sit on approximately 13 acres and are available for lease or a separate purchase at $1,500,000 +/-.
The facilities included the main shop for job preparation and equipment repair, warehouse space, front and rear parking, and office space. The company has a proven track record, supported by 93 personnel and nearly 30 years of ongoing business. The price includes inventory and equipment, with negotiable A/R, A/P and WIP as a cash-free, debt free opportunity.
This remarkable business model is ready to reach new heights with expansion.
Basic Details
Target Price:
$16,250,000
Gross Revenue
$20,740,000
EBITDA
$5,740,000
Inventory
$12,000,000
Business ID:
L#20230546
Country
United States
Detail
PREVIOUS PROPERTY
Family Home Contractor Servicing
NEXT PROPERTY
Swiss Asset Management (AM) & Financial Advisory FINMA