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    US Oilfield Wireline

    Description

    L#20240696

    Well established and catering to several U.S states, this leading provider offers a comprehensive suite of oil & gas wireline services for government contracts and more.

    • It has quality focused services with open hole plug, and perforating, surveying pipe recovery, crane services and pressure control.
    • The  Vendor has exclusivity in the rocky mountain range.
    • SDE Margins of 18.5%, sales for 2024 projected at $8.1 M
    • 2023 Revenues $7.6M
    • Discretionary earnings of $1.3M
    • Experienced management teams
    • Ownership offers cross training and consultation for streamlined operations and available for transitioning after sale.
    • Several marketing channels leveraged: internet ads, print media, online presence (social media & website), steady verbal referrals
    • Strategically designed for its industrial services, a 3,200 square foot facility features offices, shop space and ample storage.
    • Long term supplier relationships and nationwide government contracts for surveying.
    • Many growth avenues still available.

    Assets

    • Equipment: $3,612,326
    • Inventory: $1,850,000

    Optional Property

    • Lease of $7.5K monthly

    Oil & Gas field Services

    • C-Corp
    • SIC: 1389

    Inception: Started in 2010

    Employees: 31 bi-weekly pay

     

    Basic Details

    Target Price:

    $8,500,000

    Business ID:

    L#20240696

    Country

    United States

    Detail

    Business ID:L#20240696
    Property Type:Oil Production Company
    Property Status:For Rent
    Target Price: $8,500,000
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      Well established and catering to several U.S states, this leading provider offers a comprehensive suite of oil & gas wireline services for government contracts and more.

      Assets

      Optional Property

      Oil & Gas field Services

      Inception: Started in 2010

      Employees: 31 bi-weekly pay

       

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