Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Niche Oil And Gas Industry Business For Sale

LISTING DETAILS
Firms For Sale ID:
32873
Vendor reference:
2896
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
$10,600,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
$1,200,000
Years established:
7
Number of employees:
68

OTHER DETAILS
Reason for selling:
While the shareholders are pleased with the growth and success that this oil and gas industry business for sale has achieved, the Company is now well positioned to secure more significant growth with new ownership, greater capital, and additional human resources to take advantage of the many exciting growth opportunities immediately ahead.
Support and training:
The shareholders have been working for many decades in the oil production industry, chemical industry, pipeline construction and construction management industry; however, they have expressed an interest in remaining with new management to facilitate a smooth transition period given an agreeable deal structure and compensation package.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This business for sale is a mechanical and civil engineering firm that specializes in inspection services for the oil and gas industry and chemical industry. Specifically, this oil and gas industry business for sale specializes in plant inspection and turnaround services for oil production facilities and chemical plants.

This oil and gas industry business for sale also specializes in pipeline construction and construction management for the oil and gas industry and the chemical industry. This business for sale provides highly trained, experienced licensed engineers and project managers to a long list of global oil and gas industry and chemical industry giants.

This oil and gas industry business for sale works with numerous Fortune 100 companies in the oil and gas industry and chemical industry via Master Service Agreements.

Sales for this oil and gas industry business for sale increased 86 percent between 2010 and 2012, while EBITDA increased more than 130 percent during the same period, from $539,000 (9.4 percent of sales) to $1.25 million (11.8 percent of sales).

Market / Competition / Non-Competition Agreements
This oil and gas industry business for sale is well positioned to capitalize on its excellent reputation in the oil and gas industry and chemical industry, and the positive prospects forecast for these industries. Year-end 2013 revenue is projected at $14.2 million with EBITDA forecast at $2.3 million. Projections are supported by YTD 4/30/13 revenue of $4.7 million and EBITDA of $770,000.

Strong positive indicators for local, regional and global industry growth include: civil engineering service demands are increasing as building and infrastructure development grows, in particular in Texas and New Mexico where the firm does the bulk of civil engineering work; Texas’ oil and gas industry is experiencing explosive growth. This is expected to support continued growth in local and regional surveying and inspection services; the well-published U.S. Government projection of “U.S. Energy Independence” by 2020 implies sustainable, long-term growth in local and regional oil production and in required associated services; planning for major refinery expansions and new refinery construction is underway as global refinery capacity utilization was over 90 percent prior to the recession; and pipeline construction is also projected to surge as natural gas takes a greater share of the global fuel mix, and major crude oil pipelines are constructed from Alberta to the Midwest U.S. and in many other locations around the world.