Oilfield Service and Supply Company in Victoria County

Victoria County Texas

Oil and Gas Service and Supply Company for Sale - Victoria County

Asking Price:

$1,200,000

Cash Flow:

Gross Revenue:

EBITDA:

FF&E:

$708,527

$144,000

Included

Inventory:

Rent:

Established:

Included

$2,875

1963

*not included in asking price.

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Business Description

This company is a well-established oil and gas service and supply company that services the Eagle Ford shale area.

The company prides itself on being a one-stop-shop for all their customers
fabrication, supply and service needs.There is a lot of room for upside and expansion into new territories.

This is a rare opportunity to own a company in Oil and Gas, one of the strongest sectors, with tremendous organic growth potential. With a small business development budget, this business can easily exceed 100% growth in the next 12 months.

Current services include the manufacture, repair, refurbishment, and testing of oil and gas upstream equipment. This includes Valves, Pumps, Separators, Controllers, and Meters. They also provide 24-hour field service for their customers which include both oil and gas operators and services companies. They also have a Level IIA NDT/UT vessel technician on staff.

They are a full line supply store, carrying products from all major manufactures requested by their clients. They also manufacture proprietary equipment that could possibly be patentable.
Some of their products include:
• Pumps
• Valves
• Meters
• Fittings
• Regulators
• Valve Repair Kits

Detailed Information

Location:

Victoria County Texas

Inventory:

Real Estate:

Leased

Building SF:

Lease Expiration:

Employees:

6

Furniture, Fixtures & Equipment (FF&E):

Facilities:

Their current location is not large enough to handle their maximum repair and refurbishment capabilities. At peak times they are turning down 3 or 4 big jobs per month. Some of the equipment they work on is large and they need the room to park it. There are several properties close to their current location that could easily be utililized to increase their capacity.

Competition:

Growth & Expansion:

They have an immediate expansion opportunity in the Permian Basin with a current customer that could possible double their revenues immediately. The Permian Basin is the most lucrative and underserved areas in the country which also offers many other opportunities for revenue growth. They currently outsource some of their machining and code work to other businesses. There are opportunities to increase sales and reduce expense by creating synergies with a buyer that has machining equipment, ASME welders or that manufacturer or distributes equipment sold in their business.

Support & Training:

The current manager and employees are wanting to stay on with the business. The current owner is willing to help with the transition for a period of time that is negotiable.

Reason for Selling:

The current owner is not involved with the operations of the business and would like to make an exit.

Other Information

They have no business development efforts. They do not have any salespeople and they do no marketing or advertising. All business is from customer loyalty and word of mouth. A concerted marketing effort would have a big impact. They have opportunities for additional lines of business by offering services and supplies to other industry verticals – midstream, downstream, drilling, frac and workover.

Contact Form

Business Listed by:

David Mckim

dmckim@fulcrumdev.com

361-944-1290

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