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Huge Oil Company Seeking Growth Capital
Location: United States -> Colorado
Industry: Business Services > Other Services



Business Summary

Oil company with assets in Texas, Louisanna , Colorado and Alberta Canada with major oil fields producing currently 1100 barrels per day and over $45M/yr in profit is seeking expansion capital. Our company is currently acquiring this asset for $130M (including expansion capital needed to service it) and we're seeking $80M in debt (cash flow of property supports high interest debt). Properties have 900 million barrels in proven reserves with 500 million barrels of proven producing reserves. Huge potential

Financials
Asking Price Range:  > $35.0M
Gross Revenues:   $75,000,000
Cash Flow:   $45,000,000
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business
Year Established:  2004
Number of Employees:  > 200
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale
Reason For Selling:  Seeking expansion capital




Print Listing Id: 700183198
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Also See: Franchise Opportunities > Franchise Resales > Colorado Businesses For Sale > Colorado Franchises For Sale > Colorado Business Brokers



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