Wholesale/Retail Distribution / drilling supplies, equipment

Location: North Dakota flag
Industry: Service Businesses, Miscellaneous services

Asking Price

$ 3,000,000

Annual Revenue

Not Disclosed

Annual Profit

$ 699,000

FF & E

Not Disclosed

Inventory

Not Disclosed

Year Founded

Number of Employees

Website

Reason For Selling

Owner has dedicated the majority of his adult life to the business and is ready

This business is relocatable.

This business is home based.

Description of Business

Business owner has grown this supply company from a one man operation, with a single truck to an operation that covers a large area with lean staff. The distribution center provides chemicals and other fluids for the drilling and completion process as well as does trenching, excavation & supply and installation of pit liners for the oil/gas/energy extraction industries. Seller is ready to retire. This is a perfect opportunity for another business or independent operator who wants to get a foothold in this large oil and gas discovery. Current staff is able to run the business without the owner, however, a new owner with strong marketing and/or financial planning abilities would be an asset to the business and could run the business either hands on or absentee. Very nice, small town life style and only an hour commute to larger city with all major retail and social amenities.

Property Information:

4+ acres of flat, gravel yard with 3 warehouses. Newer style, metal building, well maintained and constructed with concrete floors. These were specifically designed to enhance the business, for use of the business. There is more than adequate parking. Owned by Seller.

Competition and Growth Potential:

Seller is the only company of its type in an 80-100 mile radius. There is limited competition from the outside and the competition and Seller have a gentleman s agreement not to infringe on each others area. Market has been very strong the last few years, experiencing a small slump at this time but we expect operations to take off again in the next 6-12 months and exceed current record sales.

Financing Options:

Seller may provide financing for qualified buyers in addition to bank financing

Support and Training:

Seller will provide normal transition period to Buyer. Additional training and support or operation of the business may be contracted with the Seller with terms that are agreeable to Buyer and Seller for compensation and incentive.