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Oilfield Inspection - Pressure Test Bop Components
Location: Canada -> Alberta
Industry: Business Services > Other Services




Business Summary

This Canadian business located in Southern Alberta near Calgary inspects and pressure tests B.O.P. components to comply with A.U.B. regulations for the Oil and Gas Industry. For the safety of their employees and to satisfy regulatory requirements, oil and gas companies must make sure critical components can handle the situations in which they will be placed. That is where the profitable company comes into play.

This company offers a range of pressure testing services such as isolation packer tests, leak off test, casing and tubing test. Testing & setting selective packer and blow tubing drains. Pressure testing in production plants, various items, valves and vessels along with any kind of pipeline. This business has one of the few, high pressure low volume units in Southern Alberta that will go as high as 15,000 PSI. Due to decline in industry, asking price below value of assets. Quick turn around expected upon return of oilfield industry.

This pressure testing company has been in business since 2000 with the current ownership. After years of hard work and loyal customers standing true throughout the years, the current owners are ready to semi-retire and see a new owner take it to the next level. This business could be operated in a hands-on or absentee fashion giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenues, 75% comes from B.O.P. manifold testing, 10% comes from Isolation packer testing, another 10% comes from Misc. pressure testing (service area), and finally, 5% comes from fluids (antifreeze propynol glycol). Inventory and equipment are included in the sale. More details are available upon request.

This is a lease property with room for expansion on the site. Business can be relocated anywhere by a new owner.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $458,000
Cash Flow:   $153,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $686,000
Seller Financing:  Yes

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  One contractor and key employees will most likely stay on after the sale. Owner is willing to stay on for up to 1-2 years as Operations Manager to help new owner with a smooth transition.
Reason For Selling:  Approaching retirement.

Photos

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Oilfield Inspection - Pressure Test Bop Components Photo 1




Print Listing Id: 700244217
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Alberta Businesses For Sale > Alberta Franchises For Sale



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