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Torque Specialties, LLC FOR SALE!!!

Odessa, TX
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Asking Price:$450,000
Inventory:$95,000
FF&E:$25,000
Gross Revenue:$275,000
Rent:$2,750/Month
Established Year:2015
Listing ID: 2308090Listing provided by BizBuySell
BUSINESS DESCRIPTION

Torque Specialties, LLC is located in Odessa, TX which is the heart of the Permian Basin. Our main Customers are in the oil industry, but other ones are in refineries, wind & solar.

Torque Specialties LLC is a service company that sells, repairs, rents & maintains hydraulic bolting equipment. It also calibrates pressure gauges, torque wrenches (up to 25,000 ft/lbs) & pressure recorders. In addition, it repairs/maintains hydrostatic pressure testing units and performs annual certifications.

It is authorized distributors for many companies including Torque Lite, Torc Up, American Torque Wrench, Tri Torque, Enerpac, SPX and many other distributors.

It has Master Service Agreements with major companies such as Cameron International, Cameron Schlumberger Well Services, Mc Clinton Energy, Canary Drilling Services, Interstate Treating INC, FESCO LTD, Downing Wellhead, Diamondback E&P LLC, KLX Energy Services, NOV, Sunbelt Oilfield Company, Weir Oil & Gas, WSI Enterprises, Zarvona Energy LLC & many more.

DETAILED INFORMATION
Location
Odessa, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Torque Specialties, LLC is operated out of a 2,500 square foot shop that is leased. Possessions include welding/fabricating equipment with (2) steel work tables, a fully functioning tech shop with 4 work tables, tools needed to perform the work, including numerous specialty tools, pressure gauge calibrating equipment, torque wrench calibrating equipment, laptop computers to accommodate calibrations, 1 work truck (2019 F-250) that is used for pick ups and deliveries, numerous varieties of torque wrenches that are used for rentals & new parts for sale.
Competition
Our current market is any business that is involved in the oil field, wind and solar that utilizes hydraulic torque wrenches and hydrostatic pressure testing equipment, including Drilling, Production, Frac and downstream.
Growth & Expansion
TSLLC used to perform field services (producing up to 1M in revenue) providing bolting services (prior to COVID) in the field, this is one additional opportunity for growth.
Support & Training
Upon sale, I can offer 30 days of training in the office and the tech shop
Reason for Selling
Owner needs personal income to pay for past and future medical expenses
BUSINESS LOCATION
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Camille JVicknair
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Camille J Vicknair
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