About the Business

Business ID: XB166650

ESTABLISHED 20+ YEARS – NICHE MARKET – STRONG DEMAND

With increasing investment in offshore energy and aging sub-sea infrastructure, demand for specialised fabrication, repair and welding services is expected to remain strong, making this business a prime investment.

Owned and operated by founder Murray Langdon for 20+ years, Oil Equipment is a well-established and trusted specialist provider known for high-quality fabrication, precision tooling and reliable on-time delivery.

The workshop fabricates tooling and components for sub-sea oil and gas, agriculture and a range of other industries.

BUSINESS HIGHLIGHTS

- Capabilities include the design, manufacture, repair and preventative maintenance of specialist equipment – from sub-sea ROV tooling and seabed sampling equipment, to pipeline re-alignment gear, bitumen plant components, composting plant maintenance, olive picker servicing and bespoke one-off engineering projects

- Loyal recurring customer base across resources, civil, agricultural and industrial sectors

- Many customer relationships span multiple years, underpinning a stable and predictable revenue base

- The business operates from a well-fitted workshop with established office and administrative areas

- Extensive list of assets, including a 2006 Toyota Hilux Workmate – Stock included to the value of approx. $20,000

- Owner operated with 1 x F/T employee, 2 x casual employees, and 1 x P/T employee

- Opportunity to increase output with additional staff or extended hours

- Owner retiring

Price: $200,000