Manufacturing | Petroleum Engineering Business

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Petroleum Engineering Business

South Island | Ad ID# 3286
Industries  >  Manufacturing
Asking Price $1,000,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $Lease
Stock/Inventory value .00 Year Established 1970
FF&E $0.00
Included in Asking/Selling Price
*
Employees 8




Business For Sale By
Ronald Keene

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

Petroleum Engineering Business

This petroleum engineering business was established by the present owner over thirty-five years ago and has long been recognised as a high quality supplier of fully compliant goods and services.
• The Company operates out of leased premises in the Dunedin waterfront commercial area.
• It has loyal clients across the South Island.
• It is multi-faceted, ranging from providing fuel pumping services , fuel tank manufacture of 1000 to 1 million litre capacity tanks, repairs and maintenance of fuel facilities, repairs and certifications of road tankers, to equipping new retail fuel facilities and the installation of fuel pipelines. It also does some general engineering business.
• Its staff is fully trained and certified for its business activities, as is the Company itself.
• This business is highly profitable returning the owner over 24% EBITDA.
• It has capacity to grow and has an impressive forward book of quoted work.
• The current owner now wishes to sell and move on into retirement but is willing to negotiate with the preferred purchaser a management contract for the business for a period of up to two years post sale to ensure a smooth transition of the Company’s client base to the new owner.
• The asking price of $1 million plus is well supported by an independent valuation of the business by a leading business valuation company in Dunedin.
Interested parties should in the first instance contact the vendor’s business adviser, Ron Keene on 027/4732962 or ron.keene@tcsouth.co.nz. A Confidentiality Agreement will need to be signed to access further information about the company.

General Information

Home-Based: No

Property/Location

Lease Terms: Current lease expires May 2019. 3 x 4 year rights of renewal
Real Estate: Lease

Other Information

Reason for Selling: Owner wishes to retire
Lease Terms: Current lease expires May 2019. 3 x 4 year rights of renewal
Training/Support: Two year management contract negotiable
Real Estate: No