80+ Year Mining Bit Manufacturer Serving Diverse Markets
Listing Number: 0873-938469
Listing Details
- Down Payment: $350,000
- Sales: $3,525,082
- Seller's Discretionary Earnings: $637,588
- Inventory: $400,000
- Furniture, Fixtures, and Equipment: $400,000
- Employees: 8
- Year Established: 1940
- Reason for Selling: Retirement
Business Description
This is a fourth-generation, family-owned drill bit and tool business with more than 80 years of industry experience and a strong reputation throughout the Rocky Mountain region. The company serves oil, gas, uranium, coal, water well, geothermal, and other drilling and mining operations, providing custom drill bits, repairs, re-tipping, welding, drilling supplies, and related tools. With a loyal customer base, experienced employees, established distribution relationships, and minimal competition, the business offers significant growth potential, particularly through its planned in-house machine shop. The real estate is listed separately but will be sold with the business providing a buyer with an established operation, experienced team, and facility in a strategic Casper location. Financials provided represent TTM (Trailing Twelve Months)
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