Oil Field Services Company Businesses For Sale in Utah,United States at FranchiseLeader.com - Buy Franchises, Sell Franchises, Franchise Businesses for Sale

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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Utah Businesses For Sale Categories   >>   

Oil Field Services Company

Location  Utah,United States
Asking Price Range  $20.0M - $35.0M
Gross Revenues  $11900000
Net Profit / Cash Flow  $3970000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2006
Number of Employees  10 - 19
Inventory  1769000
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Leased
Training  40 hours
Reason for Sale  Planned Sale
Description  OIL FIELD AND MINING EQUIPMENT COMPANY Asking Price: $20.8 million EBITDA: $3.97 million (2012) Assets: $1.769 million (at cost including the rental equipment) Debt: $0 Sales: $11.9 million (2012), $7.4 million (2011), $3.3 million (2010) Sales are up 60% for 2012 and expected to be up another 60% for 2013 Established in 2006, The Company is an oil field and mining equipment company. They sell and lease down hole drilling tools and equipment including drill bits, reamers, motors, stabilizers, jars and float equipment and supplies. They have market diversity while providing tools to both mining and oil and gas companies in multiple states and countries. The Company sells and leases this equipment to customers throughout the Western United States, Mexico, and North Dakota. They have offices in North Dakota and Utah. The Company has 13 employees. Owners will remain post-sale and work if desired. The Company has Master Service Arrangements (MSA's) with the major drilling companies in Utah and North Dakota. These MSA's are very difficult to obtain and are seen as a valuable asset since you can't do business in mining, and oil and gas without them. The Company's top selling products are: reamers, float equipment, motors, and drill bits. Gross profit averaged 56% for 2012. The Company is on approximately « of the total rigs in North Dakota. Demand is expected to accelerate as 60 more rigs are planned in North Dakota in March 2013. If a customer doesn't want to purchase this equipment, they can lease it as well. Rental revenue was 27% of sales for 2012. Call Heather - Business Sales Group - 801-201-6866
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