Asking Price: $10,000,000

Gross Revenue: $16,654,000

Gross Revenue Comments: Six months annualized

Cash Flow: $2,000,059

Cash Flow Comments: Six months annualized

Inventory: $610,000 (Included in Asking Price)

FF&E: $1,416,100 (Included in Asking Price)

Real Estate: $859,000 (Included in Asking Price)

Seller Financing: One-third down payment.

This Company provides electrical, painting and fabrication services for on-shore and off-shore oil industry requirements. Capabilities include SCR house upgrades and testing, Satellite Control Systems (SCS), Crimping, Braking, sandblasting and fabrication of skids, tanks and other oilfield equipment.

No job is too small or too large, from the one motor reconnect, bearing change or welding repair to a complete fabrication-painting-electrical wiring project.

Year Established: 1993

Employees: 175 full time -

Facilities: Building size: Approx. 18,000 sq. ft. located on five acres of commercial real estate. Property includes two approved painting booths and one sand blast facility.

Market Outlook and Competition: Just awarded the first of two (out of 16 total) rigs from a foreign national oil company. Revenues are estimated at $3 million to $16 million PER RIG.

Management Training and Support: One month Seller provided training. Longer negotiable.

Reason For Selling: Relocation; Other new business start-ups.