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Profitable Drilling Business For Sale

Garden Route, Western Cape, South Africa
Asking Price:
R87,000,000
Sales Revenue:
R35,361,521
Cash Flow:
Available on request

This fast-growing business is a leading provider of technically innovative drilling services to the South African market.

A well-established business with an excellent reputation and track record. The seller is nearing retirement age and is looking to his a 100% interest in the business. Management and key staff will remain in the business and the seller is prepared to stay on for an extended period to ensure a smooth transition. The seller will also consider keeping a minority share in the business.

The selling price includes the property, all support vehicles, drilling rigs and tools, machinery, general tools, the database of clients, and geological records of an extended area that was built over a few centuries. Assets of more than R60m are included in the selling price.

Please enquire for full details on this niche and sustainable business!

Buyers will be required to show financial capability before confidential information will be released.

Business Operation

Reasons for selling:

Retirement

Years established:
1984

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