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Oil Industry Service, Parts Sales, And Rentals for Sale

(ID# 861)

Financials

Asking Price: Undisclosed
Sales Revenue: $9,800,000
Net Profit: $3,850,000
Furniture, Fixtures
& Equipment:
$850,000 (included in asking price)
Stock: $3,500,000 (included in asking price)

Business Summary

Long etablished oil field supply and service company for sale. This business has expanded several times and has reached new levels of success the last six years due to the expansion of the oil industry in the South Eastern corner of the province. this is a highly profitable, fast paced business offering various revenue streams, including parts sales, equipment service and equipment rentals. Very long term experienced staff for the new ownership group. Owners are to retire after almost 40 years in the business. This business has been under continuous ownership since 1981. Sellers are willing to sign a long term transition agreement. Ewuipment in excellent working condition, the owners are committed to providing its employees superior, well maintained equipment to prevent down time and to provide excellent customer service. Inventory and all equipment needed to run the business are included.

General Information

Employees: 35F/T, 2P/T
Year Established: 1968
Trading Hours: 7 a.m. - 5 p.m.

Property/Location

Real Estate: Real Property
Location: South East Saskatchewan

Other Information

Training Support: To be negotiated
Market Outlook: Huge upside due to business being located in the area of the Bakken formation. Minimal competition in the area.
Reason Selling: Retirement

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