Oil And Gas Service and Safety Training Company
Asking Price: | $5,000,000 |
Gross Revenue: | $4,000,000 |
Cash Flow: | $1,000,000 |
FF&E: | $2,750,000 |
Management Team in Place to run day to day operations
Business Highlights: For sale due to owner’s desire to retire. Established over 10 years ago, the company has built a solid reputation in the market it serves. It provides safety training and services to the oil and gas industry, as well as pit cleaning and power washing for oil and gas companies and municipalities. The company is fully staffed with management in place to operate the day-to-day. The owner operates at a CEO/CFO level.
Growth/Expansion Opportunity: The company could easily expand geographically and by services offered. The company has been requested to do work outside the current geographic footprint served – but has not decided to expand operations. The ownership has focused on running the company with minimal depth and from a lifestyle perspective. This has resulted in lost opportunities due to a lack of equipment and personnel, as well as the desire to grow the company by the current ownership.
Transition: The owner will stay on for an orderly transition period, TBD. With over 25 years of experience, the owner is willing to stay in an advisory role for the long term. Key employees execute day-to-day management.
Equipment: Included in the sale at fair market value, the equipment and inventory are worth approximately $2,750,000.
Real Estate: The company operates out of two rented facilities. The owner will facilitate the renewal of the lease should the new ownership desire to remain in the same locations.
Financing: TBD –SBA funding available for a qualified buyer. Some seller financing may be available for a qualified buyer.
**Average Revenue for 2022-2024**
** Owners Cash Flow Average for 2022-2024**