30-Year Established Industrial Equipment Sales & Service #052302
About The Opportunity
- Business is distributor and servicer of specialized air & gas compressor systems.
- Majority of revenue is from service to compressed air and gas systems for major and independent oil companies.
- In business with same owners for over 30 years.
- Ideal buyer for this business is a company already involved in the oil field support trades .
- Sale price of $685,000 includes approx. $200k FF&E and 6 company vehicles.
- Revenue split is 70% air products/services, 30% gas products/services.
- Capable and experienced technicians in place.
- Growth all via word-of-mouth with no marketing.
- Owners are ready to retire, but one owner is willing to remain in employee/consulting capacity to ensure smooth transition.
Other Important Information
Owners had a difficult year in 2016 due to losing a top customer and a drop in oil prices (customers postponed maintenance). 2017 was also an unusually bad year due to embezzlement by a former employee.
Owners expect 2019 to mirror 2017 numbers due to rising oil prices and strong job pipeline at beginning of 2019.
Avg Revenue = $1.5M
Avg SDE = $255,000
By The Numbers
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