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Foundational Drilling Company

  • Status: Available
  • Price: $1,465,000

Greg Davis

License No:
DRE #01375612
Email:
greg@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4132
  • Status: Available
  • Area: Sonoma County
  • Price: $1,465,000

Description

This is an opportunity to increase the size of your company by acquiring this well established and very profitable drilling company. Owner started in 2003 and built this to an operation that employees7 full time crew members 5 days a week producing over $1.3m in Gross Sales Last year, with Owner claiming close to $400,K Income last year. First Quarter of 2022- Revenue is on pace for over $1.6m.

ASKING PRICE : $1,465,000     DOWN PAYMENT: $295,000        SELLER FINANCING COULD BE ARRANGED.

Sell of the Business includes everything currently in use in the Daily  Operation, all Equipment, Trucks, hardware and Software, Website, and Phone Number. Step in and keep on running, there is work to do and money to be made.

Rent is $1,550 a month for 5,000sqft. lot with 2 x finished containers, with rollup doors serving as workshop and storage. Lease is month to month, has been for years.

Licenses Required, General Contractors ( Building Contractor)- General Engineering Contractor (Dirt Contractor).

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased: 2003
Business Type: Drilling company
License(s) Required: General Contractor and General engineering Contractor
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4132
Date Available: 04/29/2022
Reason For Sale: Retiring

Financial Information

Annual Total:
1.3m
Revenue:
Annual Net Income:
400,000
Inventory:
2,000.00
Monthly Payroll:
47,300/m

Lease Information

Base Rent:
1,550/m
Lease Expires:
month to month
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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