Oilfield Services Company For Sale
Location Louisiana,United States
Asking Price Range $500K - $1.0M
Gross Revenues $620000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 1 - 3
Inventory 436000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Available
Reason for Sale Other business interest
Description This well-known 13 year old oilfield services company has established itself in the industry with high quality service and top-of-the-line product rentals. This company for sale performs hydrostatic testing, pipe bolstering, drill pipe cleaning and pipe rental, as well as substantial sales and inventory in thread protectors. Company has top-notch equipment valued at approximately $436,000.
Business is located in South Louisiana and does some work in the Haynesville Shale trend of Northwest Louisiana. Business has a good reputation and a large and loyal customer base.
Seller has other interests. Business would make a great addition for a company already operating in this industry or can stand alone for an entrepreneur. Seller had an excellent manager who was highly trained in every part of this business, and ran it while seller traveled on extensive hunting trips all over North America and Canada. When business slowed down, seller had to step back in and take care of business personally. That manager is willing to come back if new owner desires. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers.
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