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Businesses For Sale   >>   Nigeria Businesses For Sale

Oil Servicing Firm For Sale

Location  Nigeria
Asking Price Range  > $35.0M
Gross Revenues  $5500000
Net Profit / Cash Flow  $7700000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1998
Number of Employees  50 - 99
Relocatable  Not Disclosed
Number of Employees  50 - 99
Real Estate  Owned

Description  
Our client wishes to dispose of his company,operating in the lucrative Nigerian oil and gas industry. The firm is a pipeline welding,maintenance and servicing firm based in Port Harcourt, Rivers State, Nigeria, with branches in Lagos state and Warri in Delta state, Nigeria. It presently has a running contracts with Oil majors like NNPC (Nigeria National Petroleum Corporation), NLNG (Nigerian Liquified Natural Gas Company), Elf etc. The company is selling all its running contracts and other properties it owns. The asking price is $42 million.


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