This Oilfield Service Company is located in the Midwest, currently serving a three state region, and has been in operation for over 15 years. This owner operated company currently employs 11 full time employees who consistently provide quality, reliable, timely, and competitively priced services to each and every customer. The company’s regional service area encompasses some of the largest oil and gas fields in the Midwest.
The company’s customer base consists of 51 regular customers, and approximately 99% of their revenue is from repeat business. The company along with its owners and employees are recognized throughout their service area for their integrity, quality and timeliness of work completed, competitive pricing, reliability, and overall customer service.
A quality management team is in place and is willing to continue with the business into the foreseeable future, and the owners will stay on through an agreed upon transition period, if needed. The Leased Company Headquarters sits on approximately 2 acres adjacent to a state highway. A relatively new building, adequately sized to house the company’s offices and operations, has been constructed on the property in such a manner so that it can easily be expanded in the future, if so desired.
The company’s revenues have grown from $1.40 million for year-end December 31, 2011 to $1.91 million for the year ended December 31, 2013, representing an increase of 36%. EBITDA for these same periods was $431,000 in 2011 and $480,000 in 2013, representing an increase of 11%. The company reported revenues of $2.11 million through December 31, 2014, an increase of 10% over 2013, along with an EBITDA of $533,000 which represents an increase of 11% when compared to 2013. For the TTL months ending September 30, 2015 revenues were $1.80 million and the EBITDA for this same period was $288,000.
This company is well positioned for future growth through the implementation of any one or all of the following business plans:
a) The addition of sales personnel as well as a training professional to aide in the training of additional employees. Until now growth has been achieved as a result of “word of mouth”. With the addition of sales personnel market share within existing markets can be increased.
b) The additional offering of new Technology Based Services, simply requiring the hiring of qualified personnel can open up an entirely new business segment.
c) Through the expansion of an existing service, which is currently offered in a limited manner, and which is very complimentary to the business the company is built around, could quickly increase this particularly profitable revenue stream. This implementation will require some additional capital investment as well as the hiring of qualified individuals.
d) With limited additional capital this business will be ready to expand by opening other offices/operations.
Current financials and an inventory of equipment can be furnished to a potential buyer upon request.
Inventory as of 9/30/15: $98,655
A/R as of 9/30/15 : $209,558
Net Depreciable Assets : $441,491
For More Information on This OFS Gas Measurement Business For Sale:
Contact: W. Brad Troutman