Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Water Well, Drilling, & Pumping Services Co
LISTING DETAILS
Firms For Sale ID:
29196
Vendor reference:
3163
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$2,100,000
Net profit / cashflow:
$167,055
Years established:
39
Number of employees:
8
OTHER DETAILS
Reason for selling:
Diversification of owner’s personal financial interests, retirement considerations, and/or superior sales growth desired through strategic partnering.
Support and training:
Current management is willing to remain for a defined period to support a successful transition to new ownership.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This business for sale is a profitable and very well-established firm providing complete water well drilling and pump services to residential, commercial and municipal customers. For the investor looking for market penetration, whether for service, customer base, or geographic market extension, the acquisition of this firm would provide a quick and low-risk method of entry. This licensed contractor uses state-of-the art equipment that sets it apart from the competition, including a well-maintained fleet of drill rigs, trucks, trailers, tractors and forklifts. It serves a desirable high growth market area with primary focus on the exacting demands of customers in the water well, drilling, pumping, and related services business. This Company operates in a niche market with excellent profit margins, and it has longstanding relationships with area professionals that provide the firm with a steady stream of referral business opportunities.
Expansion Potential
The Company expects to continue to capitalize on its long history and excellent reputation for providing professional water well, drilling, and pump services at competitive prices. Full-year 2012 revenue is projected at $2.42 million. This positive outlook is well supported by solid year-to-date financial results and by strong conversations between company management and its largest customers.
Business has rebounded sharply following the economic recession in late 2008 and all of 2009. In fact, the current level of inquiries allows for strategic project selection and optimal bidding to achieve the best possible profit margins. As the overall economy and regional real estate markets continue to recover, this Company is well-positioned to post strong growth in the years immediately ahead.
During the pro forma period, revenue is forecast to increase from $2.42 million in 2012 to $3.79 million in 2016, representing a 12.5 percent compounded annual growth rate. Corresponding EBITDA is forecast to increase from $313,000 in 2012 to near $616,000 in 2016.