Non-destructive Testing
Location Colorado,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $4015090
Net Profit / Cash Flow $1583414
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 20 - 34
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Reason for Sale Divestiture of division - scaling back due to officer retiring.
Description Non-Destructive Testing Company for sale operating in several states is offering its Colorado operation for sale. Revenues are generated primarily from providing the essential service of radiographic inspection of welds in pipelines, vessels and other fabricated equipment. The Colorado office operates independently and has shown significant revenue and profit growth over the last several years due to increased drilling activity in the prolific oil & gas basins in the area. Thirteen two-man crews (Level I & Level II technicians) and 11 fully equipped trucks are on call 24 hours/day. Activity level is so high that the Company is currently turning down work. Revenues increased 30% in 2006, 91% in 2007, and are on track to increase over 25% in 2008. Great growth opportunity. Please refer to CBB Listing #6941FS.
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