Business for Sale Overview:
The March Group currently represents a well-established and profitable civil engineering firm that provides design and construction project management services primarily for municipal projects in the South Central United States. The Company and its experienced, well-regarded staff have an established performance record, excellent relationships, and numerous repeat clients among local municipalities. The Company expects fiscal 2009 performance to match that of the previous year despite the economy and the tendency of municipalities to reduce project spending. Project backlog of over $2 million for 2009-2010; anticipating securing major follow-on projects totaling over $4 million to be awarded in 2009 and extending as far out as 2013; bidding on a further $15.8 million in future projects for established clients. Projecting revenue to reach $4.5 million in 2013 with EBITDA of $1.86 million (41.1%). The active owners and key managers are amenable to remaining with the Company for 2-5 years to ensure an orderly transition.
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Property Features and Assets:
Company operates from a 10,000 square feet office facility leased at market rent from an LLC controlled by management. The property is available for sale along with the business. The Company also rents an 1,800 square feet facility from a third party in another location.
Market Competition and Expansion:
While many states and municipalities have cut back on projects due to reduced income arising from the economic downturn, the Company is well-positioned to maintain revenue in the short term by virtue of its near-term project list. The Company expects to benefit as funding from the economic stimulus bill brings additional projects to fruition. It will continue to serve the needs of expanding communities in its local area.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.