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This oil field service company specializes in turnaround and industrial cleaning services for oil, gas and utility companies and is 85% collateralized! Handling all aspects for the disposal of drilling waste in the oil and gas sector, this company currently has 250 clients with 50 of those recurring. 70% of their revenue comes from turnaround and industrial cleaning services; the other 30% is a mixture of maintenance, water delivery, vegetation control, water truck services, mobile steaming, and equipment rentals. Personnel includes 1 Regional Manager, 1 Dispatcher, 1 Safety Officer, 1 Mechanic, 2 Junior Mechanics, 1 Shop Hand/Assistant, and 15-22 Operators/Assistants. The 2 owners work remotely doing general business oversight and accounting & payroll management. Their vast array of high-quality equipment is comprised of hydro vacs, combo vacs, tank trucks, straight vacs, water trucks, mobile steamers, pressure trucks, and maintenance units. The business is COR Certified, Comply Works Certified, and belongs to ISNetworld.
The company’s leased space consists of an 11-acre industrial fully fenced yard site, a 750 sq. ft. office with 4 maintenance bays, and a 5-bedroom crew house.
Promoting their one-stop-shop service, hiring a salesperson, increasing truck utilization, and expanding into neighboring communities would undoubtedly grow the business and increase revenue.
Some key information:
• Tremendous signage, word-of-mouth referrals, and a rock-solid reputation gives this company a firm grasp on the area.
• 70% of the company’s revenue comes from turnaround and industrial cleaning services.
• This company currently has 250 clients with 50 of those recurring.
At the purchase price of $3,050,000 CAD, an 18% down payment $549,000 returns $386,580 in the first year after debt payments therefore being 85% collateralized.
Northwest Alberta, Canada
Leased 11-acre industrial fully fenced yard site, 750 sq. ft. office w/ 4 maintenance bays + 5-bedroom crew house
Promote one-stop-shop services, increase truck utilization, expansion into neighboring communities
Strategic exit planning
Purchase Price: $3,050,000 CAD
18% Buyer Down Payment $549,000
18% Seller Financing $549,000
64% Bank Loan $1,952,000
A 18% down payment of $549,000 returns $386,580 in the first year after debt payments!
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