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#Business ID: 19415

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Well Drilling & Pump Service, Profitable in NE Tennessee, Tennessee

Business Location: NE Tennessee, United States

Asking Price: $ 650,000 Revenue: $ 446,405 Cash Flow: $ 122,655

[Inventory / Stock included]
[Real Estate Included]

Business Summary

Offered is a profitable, very well established company providing complete water drilling, pump services, and water conditioning systems to residential, farm, and commercial customers. Their name is synonymous with "reputable,quality". They are known for competitive pricing, quality of work, customer service, integrity, and reliability. Business is already on track to return to pre-recession levels of revenue and profit margins. This business is well organized and all systems in place for smooth, continuous operations.

Market Notes:
Company experienced decline in installations along with housing and construction general downturn. Demand is returning and installations will continue to increase. Effect of incremental new sales is significant on bottom line. Business requires licensed operators and this business has the best.

Ramon Sanchez-Vinas - Listing Broker
871 Sycamore Shoals Drive, Elizabethton, TN 37643

Telephone - (423) 930-4237
E-mail - [email protected]

Property Details

Years Established:

1936

Property Type:

Real

FF&E:

$ 275,000

Inventory Value:

$ 125,000

Real Estate Value:

$ 125,000

Other Business Details

Business Location:

Is home based.

Premise Details:

Premises consists of land and metal/concrete block building housing shop with inventory storage and office area. Plenty of outside area to store trucks and rigs.

Expansion Potential:

The Tri-Cities TN market is already on the rebound and this particular niche has few competitors. Year over year sales have already shown increases. All proven marketing venues are in place to bring in leads. Business would benefit from a new website and SEO.

Business Operation Details

Employees:

4 - Full-Time, 2 - Part-Time.

Support & Training:

All or part of current management is very willing to stay in place and manage in conjunction with an agreed plan for transitioning in semi- and permanent retirement.

Relocatable:

Business Relocatable

Miscellaneous Details

Financing Available:

Yes
SBA eligible.

Reason For Selling:

Current owners are seeking to retire within reasonable time frame.

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