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Maryland Business For Sale |
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| ENGINEERING CONSULTING |
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| Attn: Don Naideck |
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| Suburban Maryland, MD, USA |
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| Asking Price: |
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$1,200,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Non-classifiable |
| Reason for Selling: |
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Other interests. |
| Year Established: |
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1993 |
| # of Employees: |
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9 |
| Yearly Revenues: |
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$1,600,000 |
| Yearly Cash Flow: |
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$3,600,000 |
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Business for Sale Overview:
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Fueled by federal regulations and the economic advantages operators perceive in extending infrastructure life, corrosion control for underground and underwater metal structures and pipelines is a large and growing industry. The subject company provides corrosion engineering services to federal, state and local governments, port authorities, transit systems and airport operators and private industry. It is strictly an engineering company. It sells no equipment and performs no installations. Its services include: Corrosion Studies for new and existing structures; Corrosion Control Designs and Specifications for cathodic protection systems, AC and DC current drainage systems, corrosions monitoring systems, test facilities and coatings; Corrosion Control Training; Technical Assistance During Construction; and Stray Current Analysis. With very little marketing efforts, the company has averaged a 10% growth rate. It has many long-term, blue chip clients, and excellent staff of knowedgeable engineers. With more aggressive marketing, new ownership could easily leverage this company's competencies, track record and client list into a much larger company. Opportunities for expansion exist in the water industry, pipeline industry, underground storage tank industry, and construction industry.
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Property Features and Assets:
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The company is headquarted in an approximatley 1,400 sq. ft. office condominium owned by the company principals. The facility is available for rent or for purchase for $300K in addition to the business purchase price. |
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Market Competition and Expansion:
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There are much larger companies in this field ($150M) that also sell equipment and perform installations, and there are several other independant consultants at about this company's size that specialize in different aspects of the corrosion business. Current ownership has maintained a 10% growth rate with very little marketing - 85% of business is repeat and referral. As economic and regulatory considerations are causing rapid growth of this industry, increased marketing should lead to rapid expansion of this company. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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