Water Well Drilling & Service Company

First things first, this water well drilling company is not tied to the oil and gas industry. The majority of its work is on residential wells, with some commercial and municipal work mixed in. While the company does generate half of its revenue from new drilling projects, the other half comes routine maintenance work and service calls. These residential customers include ranches, farms, new homes and new developments. While the business does no oil and gas related work at this time, that is purely by the owner’s preference. If a new owner wanted to re-enter that arena, there is ample opportunity to do so. The business operates in a unique area that is seeing residential growth and development as more and more people desire to relocate out of the city and suburbs to a more “country” lifestyle. To receive more detailed information about this business, please complete the online non-disclosure agreement at https://sigmamergers.com/nda. Location: Somervell County, Texas Year Established: 1970 Number of Employees: 8 Real Estate: Owned Building Sq. Ft.: 6,000 Facilities: The owner also owns the real estate where the business operates from, and that property is included in the $5.5 million asking price. The owner estimates the property value at $850,000. The facility sits on 4 acres of highway frontage. The main building is a 6,000 sq. ft. shop attached to a 400 sq. ft. office, with 800 sq. ft. of additional space on a second floor and 800 sq. ft. of second-level storage space in the shop. There is also a 30x125 shed on the property where vehicles and equipment are stored. Website: sigmamergers.com/nda Market Outlook/ Competition: There is very few competitors in the areas this business serves that have the capabilities it has to drill deep water wells. Couple that with the explosion in rural residential development in the service areas and the multi-decade reputation for quality work, and this business is sitting in an extremely advantageous position. Growth & Expansion: As described above, the rural residential expansion in this business' geographical region alone is creating growth opportunities. As for other growth avenues, the owner has the resources, connections and reputation to expand the business bak int the oil and gas sector should a new owner want to grow that direction.