MergerPlace

Industrial Boiler Assembly

Wyoming


  • Asking Price: $1,750,000
  • Gross Income: $1,128,183
  • Cash Flow: $246,914
  • Real Estate: $1,200,000
  • Inventory: $99,193
  • FF&E: $347,234
  • Listing ID: #221893
  • Established: 1998
  • Employees: 2 FT

Business Description

The Company was established in the 1950’s as a specialty welding and fabrication shop. Eventually the focus turned to steam boilers. In the early 1970’s the seller became a boiler sales representative for Superior Boiler Works of Hutchinson, Kansas. Together they designed a portable boiler for drilling rigs called "The Oilfield Special."

Since that time, the Company has become the regional leader for boiler assembly, repair, and maintenance. The Company repairs and services boilers in hospitals, schools, banks, and office buildings, but the specialty and primary focus has always been in the drilling industry and portable steam boilers for heating drilling rigs and fluids.

The Company is highly experienced in every aspect of a Scotch Marine Boilers; electrical, plumbing, pipe fitting, flame safeguard, refractory work, re-tubing, acidizing, sandblasting, welding and fabrication. The Company carries an ASME/NBIC “R” stamp which allows them to repair code stamped pressure vessels. The Company is the regional representative for Industrial Combustion Burners and United Brass Works Valves.

The Business portion of the package is listed for $550,000 and the Real Estate (land and shop) are listed for $1,200,000 (subject to mutually acceptable commercial appraisal).

Total Price for the package, business and real estate $1,750,000

Expansion of the building at the The Company facility started in June of 2004 and was completed in 2005, growing from 3,000 square feet to a 12,640 square feet facility with the installation of a 25 ton overhead crane in the new shop. In 2007 a new addition with additional offices, a conference room, break rooms, larger parts storage and a sales counter was completed.

The facilities, training and experience allowed The Company to become the regional leader in the assembly, repair and maintenance of portable boilers for drilling rigs. The Company has a reputation for experience, competence and an uncompromising level of quality in its work.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Wyoming

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $1,750,000
Gross Revenue: $1,128,183
Cash Flow: $246,914
FF&E: $347,234
Inventory: $99,193
Real Estate: $1,200,000
Seller Financing Available: No

Property Information

Facilities:

The facility consists of a 12,600 sq ft standalone steel building located on a 1.5 acre lot. The building is equipped with a 25 ton overhead crane, 4 extra large overhead bay doors, in-floor heating, in-floor drain system, 3,200 sq ft offices, break room, conference room, parts inventory, shipping area, dry storage, and employee locker room. There is a standalone boiler room with a steam boiler that is used to preheat pressure vessels for code welding and testing. The boiler can burn waste oil or diesel fuel. There is a standalone compressor shed that is skid mounted and also houses the sand blasting equipment. The compressor shed is plumbed into the shop to provide shop air, but remains completely self-contained. The adjacent 5.5 acre lot is used to store equipment bulk equipment is available for sale or lease. There are three steel skid mounted sheds on the property for secure storage of steel, concrete and other consumables. There is plenty of room to expand and still be able to maneuver equipment in and out of the shop as needed. The facility and equipment are very well maintained, clean, upgraded, and serviced as required. The zoning is light industrial and the location is close to the Interstate, a divided highway, and rail line. The local airport is an international airport and the facility is located within the central Wyoming Free Trade Zone.

Growth & expansion opportunities:

The Company has the technicians and parts to actively pursuit the industrial HVAC market for large building boilers and temperature control units. This type of diversification will also help to smooth out the volatility of the oil and gas industry.

Competition:

The Company holds the majority of the Rocky Mountain Region drilling industry market. Customers consist of all the major companies that operate in the Rocky Mountain region. Customers are extremely loyal and give The Company first opportunity for service calls and many of them bring their boilers to the shop for preventative maintenance, repair, and inspection every year. The Company exclusively assembles the portable boiler units for the largest local drilling companies and has for many years.

Reason for selling:

Owners are ready to retire.

Support & Training:

Will train for 4 weeks @ no cost

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Joe MacGuire

Murphy Business Brokers