Oil Field Supply
Location Louisiana,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $1463891
Net Profit / Cash Flow $160480
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1956
Number of Employees 4 - 5
Inventory 450000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Reason for Sale Retirement.
Description During the exploration, production and transportation of crude oil products, many types of mechanical equipment and consumable supplies are used at various stages of the oil production process. During the actual process of drilling for oil, drilling rigs will use pumps, motors, hoses, filters, hand tools and many other small items which are consumable in nature or have a short term life cycle. This oil field supply company carries a large inventory of these types of commonly used items that are necessary for oil production both in on-shore and off-shore drilling environments. The majority of the products sold by the business to drilling companies are used on offshore drilling platforms. Other products stocked by the business will include mechanical parts and equipment that will have a much higher cost factor to them and are intended for longer periods of use but still will need replacement or repair during their life cycle. With the increasing cost of domestic oil, the oil industry will continue to remain an important part of the economy and methods of exploration and oil production will continue to adapt and change but the need for supplies, mechanical parts, filters and repair services will remain a constant factor in the oil industry. This company has changed and grown along with the oil industry but good service and competitively priced products has remained a consistent hallmark of the business. Contact for more information on this Oil Field Supply business for sale.
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