Oil & Gas Equipment Leasing & Service Co.
Location: Texas
Industry: Business Services > Equipment Rental and Leasing
Financials
Gross Revenue: $7,500,000
Cash Flow: $3,300,000
Cash Flow Comments: EBITDA
FF&E: $4,000,000 (Included in Asking Price)
Business Summary
This equipment leasing and field services company primarily serves the oil and gas well drilling market. With approximately 50% of the revenue from equipment rental and the rest derived from services, the company is positioned to sustain growth and profits through strong demand within the energy sector.
The business has established itself as the leader in equipment leasing and related services in its market area by being versatile and meeting the changing needs of their customers. The Company has been able to secure long lasting relationships (Average customer tenure of 8 years) through its reputation for excellent service, fast response, and proactive agreements. By offering a value added portfolio of equipment and services, this market niche is not being serviced by any direct competitor.
The Company’s primary market is Southern and Southeast Texas
The business has established itself as the leader in equipment leasing and related services in its market area by being versatile and meeting the changing needs of their customers. The Company has been able to secure long lasting relationships (Average customer tenure of 8 years) through its reputation for excellent service, fast response, and proactive agreements. By offering a value added portfolio of equipment and services, this market niche is not being serviced by any direct competitor.
The Company’s primary market is Southern and Southeast Texas
About the Business
Year Established: 25
Employees: 50 full time -
Market Outlook and Competition: Growing niche market.
About the Sale
Management Training and Support: As needed.
Reason For Selling: Retirement.
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