Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Full-service Well Drilling Contractor

LISTING DETAILS
Firms For Sale ID:
28800
Vendor reference:
3405
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$1,750,000
Net profit / cashflow:
$207,822
Years established:
66
Number of employees:
14

OTHER DETAILS
Reason for selling:
Growth capital
Support and training:
The principals are available to remain with new management to facilitate a smooth ownership transition.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This business for sale is a growing and profitable well drilling contractor. The Company offers an extensive list of services, including water and geothermal well drilling, water treatment, trenching, directional boring, well cleaning, and well rehabilitation. The Company also provides 24-hour emergency response services.The Company offers its services to residential clients, farms, agricultural operations, commercial establishments, manufacturing facilities, and regional municipalities. Water Well Drilling services are provided within 50 miles of its headquarters and its Commercial Geothermal Loops and Well Drilling services are performed within 250 miles. Including the principals, the staff includes 14 full-time, non-union employees, many with long-standing tenures. The owners are active in the business providing operational and strategic oversight for the business.

Market / Competition / Non-Competition Agreements
Management is confident that significant growth can be achieved via increased marketing efforts and expanded services.