Oil Equipment Businesses for Sale

The company is a well-established hardware manufacturer and supplier located in Dammam. - We manufacture and supply oil equipment, tools and other required equipment. - The company has a strong customer base, with over 2,000 clients, and is experiencing annual growth of 20-30%. - With an annual revenue exceeding 20 million SR, the company has valuable capital assets and is currently in an expansion phase. - The company's products are used in a variety of industries, including oil and gas, manufacturing, and construction, and are utilized by major players in these sectors. - The company has established a reputable brand and maintains strong relationships with reliable vendors. - The manufacturing setup of the company is robust, contributing to its ability to meet the demands of its diverse client base. - The company employs 50 individuals and has a strong foothold in the market. We also hire part-time staff. - Company has all the required licenses and permissions from local and state bodies.

The company leases out heavy duty machinery and equipment to oil and gas companies. - These tools are required by these companies for executing their large scale oil & gas projects. - The company has over 50 clients which are typically big companies in the oil & gas industry. Clients are spread across Middle East, Asia, Algeria and Kazakhstan. - Machinery is rented for a minimum period of 1 month. However, the leasing periods is 1 to 2 years on average. Payment is collected throughout the leasing period. - The company is approved by ADNOC. - The business possess ownership of multiple units of the same equipment and can undertake multiple leasing contracts at one given time. - This is an extremely valuable business due to the industry generated goodwill and a strong client database.