Business For Sale Listing 152803
Industrial Cleaning and Maintenance Provider
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
Our firm currently represents a premier provider of industrial maintenance services to the oil, municipal and governmental in the Southwest. Although a material portion (80%) of the Company’s revenue derives from services rendered to the oil field industry, the expert sandblasting, painting, and coating services offered can apply to almost any industrial environment. 2007 revenues of $5.3 million represent a 15.7% percent increase over 2006 levels, with EBITDA growing to more than $746,000. Specializes in the service of crude oil tanks; also maintains water tanks, power and gas plant tanks, and fuel tanks. Very consistent revenue stream generated through Regulation API 653, under which tanks must be inspected and serviced every 5 years. Owner/President is a certified inspector with the National Association of Corrosion Engineers; additional employees are in the process of obtaining certification. Impressive blue chip client list includes some of the biggest names in the oil industry. Services 20 to 30 large tanks and 350+ small tanks annually; turn-around size depends on the size of the tank. 50 non-union employees, boasting an average experience of more than 5 years, are dispatched to the client’s facility as projects dictate. Maintains a backlog of approximately $500,000. In good standing with both OSHA and the EPA. Strategically located HQ supported by 2 satellite yards in industry-rich markets; exciting opportunities for further market expansion.
Categories
Industry
Location
Financials
| Sales: |
Between $5 Million And $10 Million (5,300,000) |
| Profits: |
Between $500 Thousand and $1 Million (786,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
