Business For Sale Listing 153566
Magnetic Scanning & Hydrostatic Pressure Testing
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
Our firm currently represents an oil field services company providing hydrostatic pressure testing (60% of 2007 revenue) and magnetic scanning (40%) of down hole tubing, which is utilized in oil and gas wells. An excellent reputation built through superior professional service, emergency after hour and weekend service, a well-trained staff and state-of-the-art equipment…has positioned this already highly profitable Company for exciting growth possibilities. In 2007, the Company posted EBITDA of $745,000 on revenues of $2.3 million, with projected EBITDA of $1.3 million on revenues of $3.8 million for 2008. Loyal account base of approximately 20 customers, with 100% of 2007 revenue generated from repeat business. Boasts a solid team of well-trained and loyal employees, providing services 24 hours a day, seven days a week. Currently operating a total of twelve testing trucks and four scan trucks, with additional trucks added as needed to meet demand. Largest service provider of its kind within a 200-mile radius of the Company’s headquarters. Holds contracts with top oil companies in the U.S., including Chevron, Exxon and Apache. Business is currently generated through word-of-mouth, customer referrals and networking within the local community, leaving open several avenues for growth through marketing.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (2,300,000) |
| Profits: |
Between $500 Thousand and $1 Million (745,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
