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Oilfield Industry - Wireline Services
Location Louisiana,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $2900000
Net Profit / Cash Flow $800000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 10 - 19
Inventory 3500000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Available.
Reason for Sale Retirement.
Description For over 11 years this established company has provided offshore wireline services to the oilfield industry. These services involve dropping a single or multi-strand wire into a gas or oil well to perform specific tasks. These services are necessary and important to the industry, and give the company a terrific niche as well as recognition among the large base of current and potential clients in the area. Company performs these services on jackup barges and spud barges along the Gulf Coast area. Business is found in a large community in Southeast region of Louisiana. Community is great for this type of work, and provides lots of potential clients in a small radius.
Despite a declining economy, the energy industry continues to boom, and companies such as this one will prosper and grow. This is a unique and rare opportunity for both primary investors and equity groups to enter the industry and be poised to reap the rewards. Business would also make a good acquisition for a company already in the industry looking to expand and diversify its services and offerings.
Seller is ready for retirement and is motivated to sell their successful oilfield service business. Seller is willing to contract on with the new owner to help transition the business and ensure future growth and steady profits. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers. This is a great opportunity to enter the industry, continue the success, and grow the company. Meet the owner, make offer. Contact for more information on this Wireline Services business for sale.
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