Westcoast Drilling Business – 40 Years History
Location: Canada -> British Columbia -> Victoria
Industry: Business Services > Construction
Businesses for sale Summary
Once in a generation opportunity. A buyer will step into a leading market position in the dynamic commercial / residential drilling industry on Canada’s West Coast. More than 40 years with the same name and the same phone number. With this accumulation of excellent service history and name recognition, customers and contractors ”know who to call” for a range of commercial and residential drilling projects. This successful business offers the following services: water wells (averaging 150 wells / year), elevator shaft drilling (dominates Vancouver Island market, significant market presence in Vancouver and Lower Mainland), piling and foundation preparation, and increasing exposure in the geo-thermal segment. Lots of potential awaits, even when large residential construction goes through periodical low cycles.
Contact Sunbelt Business Brokers (Victoria) to learn more about this opportunity. The business owns all the equipment needed to deliver these services – the asking price does not include the drilling trucks, tools, accessories or support vehicles. A buyer can purchase the business without the equipment, or can negotiate to purchase equipment as may be required. Contact Peter Bates or Rob Millar to get discussions underway about this Drilling business for sale!
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $1,020,000
Cash Flow: $136,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $35,000
Seller Financing: Yes
About The Business
Year Established: 1965
Number of Employees: 4 – 5
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: Introductions and training – yes.
Reason For Selling: Retirement.
