Import and Resale of Oil and Gas Fittings and Supplies

Established in 2017, this family-owned business imports, warehouses, and sells flanges, fittings, piping, and other required parts primarily for the Oil and Gas Industry. Ownership was looking for an opportunity to grow a business facilitating the needs of Alberta’s industry. The business has grown consistently year-over-year as their client base grew. They pride themselves on being a trusted resource that delivers quality parts, on time, and works directly with their clients ensuring that they can get all their requirements to their specifications.

New ownership should understand the OEM oil and gas space or have an involvement in the energy sector. One owner is willing to stay on should potential acquiring party need assistance. The business has lots of room to continue its growth throughout the province and their operating market, as well as an expansion of offerings.

*Note: Inventory is additional and will be sold at landed cost

Listing ID: MIX11222022

Asking Price: $3,500,000

Why This Business

Over $1,200,000 in Q1 2023 scheduled orders
Knowledgeable and hardworking staff
The business has established relationships with suppliers and clients
Great cash flow and strong year-over-year growth
High growth potential with expansion
Strong profit margins and cashflow

Additional details

Reason for sale: Retirement
General Information: Seller is founder of the business, Owner support/training is negotiable
Documents Available For Review: Confidential Business Profile

Listing Details

Operational Summary

Annual Revenue: $4122606
Assets: $45000
Earnings: $877614
Year Established: 2017
FT Employees: 4
Inventory: $500000
Location: Edmonton, AB
Broker: Craig Panek
Contact: Craig Panek (780)-495-9295

Craig Panek

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Business Listing: MIX11222022