Oil & Gas Pipeline Inspection Services (37683)
ServiceFor Sale in FL
Financial & Assets Details
About the Business
Accepting Offers Under $3 Million! Sales and high profit margins on the rise! From the Greater Jacksonville region in Florida, business has provided pipeline and petrol inspections to oil, gas, or power utility factories nationwide for nearly seven decades since its inception in 1953; as well as engineering services, surveying and specialty repairs. Business holds valuable copyrighted and sought after trade secret information to repair pipelines in situ, while underwater by using safe Underwater Dry Habitat Repair procedures which are documented and accepted within the industry, with a proven track record of success. Top services include: Oil and gas pipeline inspections, maintenance and repairs, Pipeline depth-of-cover surveys, Offshore platform inspections and repairs, Corrosion and integrity surveys, Installation of anti-corrosion materials, and Close interval surveys using direct DCVG and ACVG methodologies. Given that listing includes underutilized gear, great potentials exist for a strategic buyer with holdings as an installer, that’s interested in easy merging and quick returns from minimal capital investments. Boasting tremendous growth records from past years and already projecting to outpace previous gross income numbers, total revenues for 2019 reached amounts of $786,926; alongside Seller Discretionary Earnings of $306,604. Currently leased at $4,300 per month, headquarters is a spacious 16,000 square foot facility covering 3/4th's of the city block, complete with offices, conference room and warehouse storages for equipment. Zoned for proper CCG-2 use and able to handle extra capacity in the case of expansion, and is also available for purchase outside of asking price. Thanks to a skilled team of eight nonunion employees with ample industry experience, owner can facilitate the direction of company’s semi-absentee operations during a smooth transition period of three to six months.
Financing can be negotiable for the appropriate buyer
Includes Progress Work valued at $134,388.
Support & Training
Transition of 3 to 6 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.