Description of the business for sale
This is a 43yr old regional industry leader in the oil field fishing and tool rental business. The company has an owner that is ready to retire. The company is full service and has a niche in providing those hard to find items. There are multiple locations strategically located throughout South Louisiana. The real estate for these locations has a combined 33 acres +/- of commercial land total, and 44,000 square feet +/- of building space. All of which are included in the asking price. The company has a combined inventory and furniture, fixtures, and equipment value of approximately $20,000,000. The owner is willing to sell the company for the value of the assets, if not a little less. The seller is highly motivated and will consider some possible seller financing. This is an excellent buy for the serious company looking to expand in the industry. Come see, you will be impressed.
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Support / Training provided by seller
Seller will throughly train new owner in operations of the company and introduce new owner to the loyal customers of the company.
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Description of the facilities
There are multiple locations strategically located throughout South Louisiana. The real estate for these locations has a combined 33 acres +/- of commercial land total, and 44,000 square feet +/- of building space. All of which are included in the asking price. The company has a combined inventory and furniture, fixtures, and equipment value of approximately $20,000,000.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Seller will consider some seller financing.
• Inventory: $20,000,000.
• FF&E: $20,000,000.
REASONS FOR SELLING: Retirement.
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