37430- Oil and Gas Drilling Equipment Manufacturer
For Sale in TX
Financial & Assets Details
About the Business
Business Description
This West Texas Company specializes in manufacturing and repairing onshore drilling tools for oil and gas drilling companies near the Midland-Odessa Area. The Company’s primary products and services include oil field pipe threading, fishing tools, down hole tool rework and manufacturing. The Company operates from four facilities totaling 13,600 square feet of production space. Upgraded electrical for machines and the facility is fully capable to take on more machines. The strong base of capital equipment includes metal machining tools and fabrication equipment, as well as experienced personnel to operate the equipment. The Company has a blue chip customer list including nationally recognized clients. No customer accounts for more than 14% of annual sales. With minimal marketing efforts, a new owner could reap great benefits by setting up a marketing plan.
Strong track record of profitability - Market leader in West Texas - Blue chip customer list - Exceptional base of specialized capital equipment valued at $1.6M - Property included valued at $800k - 6 nonunion employees - Annual capital expenditures less than $30k - $9B industry poised for strong recovery under the Trump administration - Primary owner willing to stay on and run the business - Owner financing negotiable.
Location Details:
The Company operates from a 2.2-acre lot, with four buildings totaling 13,600 square feet of operational space. The front property has a 40’ x 140’ building with upgraded electrical service. The back property has two large shops, a small shop, and an apartment.
Support & Training
While one owner wishes to transition only, another is available for an extended period.
