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Successful Ontario Well Drilling Firm

Well Drilling Picture
  • Listing# : 17184
  • Listed Price : $7,100,000
  • Total Sales : $3,447,740
  • SIC : 1781
  • Down Payment : $7,100,000
  • Status : Active
  • Discretionary Earnings : $1,796,028

Business Type :

Water Related / Pump Service; Construction / Well Drilling

Business Description :

This multi-generational business continues to perform very well with an extensive customer base. Included in the sale are fixed assets with an original cost of over $2.1 Million and a current market value approaching $1.5 Million.  Roughly one third of the annual revenue comes from repeat contractor clients that need wells for their new projects each year. A small amount of commercial business also occurs each year. The business drills and completes over 150 water wells each year and turns away over 100 wells that it cannot complete due to capacity limitations This demonstrates a solid potential for growth in the region.

Assets/Liabilities:

    • Accounts Receivable $143,463
    • Incl : Yes
    • Real Estate $0
    • Incl :
    • Inventory $45,000
    • Incl : Yes
    • Liabilities $557,215
    • Incl : Yes
    • FF&E $2,094,922
    • Incl : Yes
    • Other: $350,000
    • Incl : No
    • Leasehold $19,266
    • Incl : Yes
    • Total Assets $2,302,651
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Water Related, Construction