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A well testing and flowback equipment rental company, specializing in providing sand management equipment. It serves companies operating in oil and gas.
· Strong customer relationships which result in nearly 100% repeat customers.
· Revenue in 2020 is estimated to potentially reach $3 million, dependent on industry conditions
· High net profit margins based on strategic management of expenses.
· Brand new, low maintenance equipment, translating in low overall repair costs.
· Strategically located near basins experiencing large growth in oil and gas production.
· Opportunity to greatly increase revenue with additional dedicated sales employees.
· A capital investment would allow the business to purchase a wider variety of equipment to increase rental offerings.
· Further expansion into sectors of Oil and Gas that are experiencing massive growth.
· Houston, Texas
· The company's main business originates from oil and gas production companies in West Texas, South Texas, Louisiana, and Oklahoma. There is also a presence in Pennsylvania and Ohio.
· The company leases office space in Texas from a related party. The lease is assumable by new ownership. The property is not expected to be part of the sale.
· The company has three owners who have active roles in day-to-day operations. Two are willing to remain with the company for a period to ensure a smooth transition and allow potential acquirers to maintain existing relationships. The third expects to make a full exit. All three are open to various deal structures.
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