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Business for Sale

Listing #S118797

Manufacturer of subsea oil equipment

CNC machining and milling of subsea equipment

Manufacturer of subsea oil field equipment.
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Primary Business Category: Manufacturing - Petroleum & Coal Products (SIC 29, NAICS 323)
Secondary Business Category: Manufacturing - Machinery (SIC 35, NAICS 333)
Location: Texas
Metropolitan Area: Houston
Listed by: An Intermediary
 

Financial Information

Gross Revenue: $4,500,000 Asking Price: $14,000,000
Current Year Projected Revenue: Not Disclosed FF & E (included): $2,620,000
EBITDA: $3,000,000 Inventory (included): Not Disclosed
Current Year Projected EBITDA: Not Disclosed Real Estate (included): $1,700,000
Profitable: Not Disclosed Transaction Sought: Stock
Business Type: C Corporation Payment Requested: Cash
Financials: Compiled Seller Financing Available: No
 

Company Information

Year Established: 1981 Home Based: Not Disclosed
Number of Employees: 11 to 25 Franchise: Not Disclosed
Management: Available to Stay through Transition Distressed: Not Disclosed
Non Compete Agreement: Available Relocatable: Not Disclosed
Reason for Sale: Not Disclosed
Fiscal Year End: December
Ownership: Private
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Facilities

Shop and office in a 25,000 sq ft crane served building with 30' ceiling, air-conditioned and has two 5 ton overhead cranes. Location is a 10 acre prime industrail site with 590 ft frintage on a major thoroughfare.

Market Share

Business is strong and steady. Have orders backed up for 60-75 days.