Wholesale Oilfield Distributor For Sale

Description

Wholesale oilfield distributor in west Texas. Includes over 6 million dollars in inventory and accounts receivable. Serves Texas, Oklahoma, and New Mexico. Products include oilfield supplies such as netting, packing, rings, and seals. Owner started in 2001 and is retiring. COO and general manager will stay on after sale. Deep, long term customer base with steady repeat orders. Revenue and net income are steady and growing.Operates from a 28,000 square foot warehouse on three acres. Two salespeople and three commission only independent reps.Business price is 18,500,000 dollars, including over 2 million in AR and over 4 million in inventory. Price is 5 times SDE plus AR and inventory. Real estate price is 2,900,000 dollars, or lease for 12,000 dollars per month plus taxes and insurance.Cash free asset sale. No earnouts or holdbacks. Evidence of funds required. Principals only. No phone calls. Email for NDA and financial statement.