80+ Year Mining Bit Manufacturer Serving Diverse Markets

Listing Number: 0873-938469

Listing Details

80+ Year Mining Bit Manufacturer Serving Diverse Markets
Price: $3,500,000
Location: Wyoming
  • 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

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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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