Highly Successful Vacuum Truck Service in West Houston For Sale - Property Available for Lease or Purchase
Listing: # 8202
Price: $ 2,500,000
|Real Estate Price:||$0|
|Down Payment Required:||$500,000|
|Total Cash Flow:||$0|
Description and Operations
|Reason for Sale:||Wants to spend time with children after having accomplished business growth goals.|
Reason for Sale:
Wants to spend time with children after having accomplished business growth goals.
Highly successful vacuum truck service company in metro Houston area available for acquisition. Established originally in 2012 with 4 vacuum service trucks, they have grown to 11 trucks and 15 trailers currently. From 2014 – 2016, the company withstood one of the biggest downturns in history, of the oil and gas industry, and they were actually profitable during that time period, while a number of competitors went out of business. They are performing the same way again during the current O&G downturn and Covid 19 - remaining profitable. Over the past few years, they have shown solid, consistent performance. They specialize in Fluid Removal Services, Oil and Gas Waste Disposal Services and transportation of non-hazardous materials for oilfield, construction and water well drilling companies. The company’s reputation has been provided by their outstanding drivers. They experience very low turnover of drivers in an industry that is often hard to staff. Hiring a qualified manager would enable new owner to focus on meeting operational expansion needs as, prior to current downturn and Covid 19, they’d been turning down work daily since they could not handle all the loads. With the current state of the O&G market they have recently downsized to operating 5 trucks. Due to the volatile O&G side of things, they are pursuing the water well and drilling companies along with construction and pipeline projects (many of the loads they were turning down previously). They are still keeping busy during this time with the 5 trucks operating, working for a diverse set of customers. Over 65% of business has been from repeat customers. They have 28 MSA’s and over 60 customers. They help keep their customer’s production jobs flowing efficiently and haul equipment to and from locations. Their fleet of vacuum trucks is available 24 hours a day, 7 days a week throughout their entire service area. They have hauling capacity of 60 to 150 barrels per truck. They provide and can deliver high quality frac tanks or open tanks for temporary storage of fluids that are by-products of well servicing operations. 3-acre yard with 2 office buildings can be leased or purchased if desired by buyer. SBA financing available for qualified buyer.