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Businesses For Sale   >>   Mining Businesses For Sale   

Distributor Of Drill Bits Oil - Well Water Drilling

Location  United States
Asking Price Range  $10.0M - $20.0M
Gross Revenues  $14000000
Net Profit / Cash Flow  $3000000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1985
Number of Employees  10 - 19
Inventory  2525000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  As needed; owner willing to remain on a consultive basis but not as CEO

Description  
FOR SALE INTERNATIONAL DISTRIBUTOR & REMANUFACTURER OF DRILL BITS USED IN THE OIL & GAS INDUSTRY, MINING, & WELL WATER DRILLING Offered for sale is an international wholesale distributor and re-manufacturer of drill bits used mainly in the oil and gas industry, mining, water well drilling, and foundation construction (for pilings). The company was started over 25 years ago. The company sells both new drill bits and used drill bits that they refurbish / re-tip. The company is strictly a wholesale distributor. Remanufacturing (re-tipping) drill bits currently accounts for $3 to $4 million in sales each year. Sales of new drill bits account for the remainder of sales. FINANCIAL SUMMARY: 2010 Gross Revenue: $8,138,373 EBDITA: $1,920,435 2011 Gross Revenue: $9,157,111 EBDITA: $1,477,367 2012 Gross Revenue: $8,373,035 EBDITA: $1,190,641 2013 SIX MONTHS Gross Revenue: $8,526,606 EBDITA: $2,276,319 EBDITA: Earnings Before Depreciation, Interest, Taxes, Amortization 2013 Revenues are expected to exceed $14,000,000. PURCHASE PRICE: 100% of the business is offered at $11,500,000 as an asset sale, free and clear of debt, plus an earn-out on sales above $14,000,000. The owner is willing to remain in the company on a selective basis and retain some ownership if desired by the acquirer. The EBITDA includes a current salary of $120,000 for a CEO. Assets included in the sale: $2,275,000 Inventory at cost $ 250,000 Estimated value of Furniture, Equipment, Vehicles ... Plus Intangibles


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