BusinessQuest Brokers

Business Valuation • Business Brokers • M&A Brokers
Inland Empire • Los Angeles • Orange County • California

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Business for Sale • Exit Plan

(800) 589-1286 Ext: 701

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Business for Sale:
Water Well Drilling

County: San Joaquin Valley, CA
Business ID: 17035

Complete Non-Disclosure AgreementPrint this Listing

Responsible Broker: Bill Greenway, (760) 646-4335
DRE License No: 01946516

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Financial Summary

Price: $7,500,000

Down Payment: $7,500,000

Sales: $4,500,000

Cash Flow: $1,500,000

Inventory: $100,000

Inventory Included: Yes

FF&E: $1,800,000

Monthly Lease: $5,000

General Information

Financing: Yes

Year Established: 2004

# Employees: 12

Facility Size: 5520 sq. ft.

Training: 4 weeks

Reason for Sale: Partnership Dissolution

Business Summary

Contact business broker for more information regarding this water well drilling business for sale located in the San Joaquin Valley area of California. This business was started in 2004 as a domestic well drilling operation. In 2007, agricultural ag well drilling was added. By purchasing larger and larger ag drilling equipment, the company grew from 3 to 12 employees and from $1.5M to $18.7M in annual sales by 2015 (the peak year of the drought). The sales and cash flow shown above are for 2017 (below average results following a 100 year rainfall year). The business averages a very healthy 40% cash flow. So far in 2017, the sales are lower than 2016 due to the 100 year rains that occurred which slowed orders due to increased ditch water and hampered production due to extremely muddy conditions. The company has 5 drilling rigs, 8 support trucks, 5 backhoes and extensive auxiliary equipment plus tooling. The sale includes all of the assets except for cash and accounts receivable. The owners are willing to carry 25% of the purchase price for qualified buyer. Contact business broker to complete Non-Disclosure Agreement and receive more information regarding this water well drilling business for sale located in the San Joaquin Valley area of California.

Disclaimer

BusinessQuest® (“Broker”) has made no independent investigation or verification of any representation, warranty, document, or information presented by the seller herein. Prospective buyer is responsible for their own independent investigation with respect to such items and is advised by Broker to do so and to obtain the appropriate counsel from legal, accounting and other professionals concerning this business opportunity.