Owner Financing is Available!
Business Overview:
Established in 1977, this 32-person company is a leading mechanical and electrical design and engineering firm. Owned and managed by an non-engineer IT professional, this firm offers instrumentation design and construction inspection in addition to traditional MEP services. The firm has extensive project experience in 6 defined niches: Water/Wastewater Plants; Transit and Transportation; Lighting for highways, streets and large outdoor facilities; Correctional Facilities; Educational Facilities and Building Design. The firm has been involved in many, if not most, of the high profile infrastructure projects in the greater DC metro area. The company has many ongoing contracts, some in place for as long as 13 years. 90% of business comes from repeat clientele. The firm has a remarkably well- qualified, loyal and experienced staff. All of the senior engineering staff are in their second or third decade of service. The firm is a certified minority business, with approximately 70% of business relating to this certification. This is an unusual opportunity - a stable, highly-respected firm with many contracts in place and many opportunities for further growth.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
$700K net A/R included in transaction.
Market Competition and Expansion:
One of only two highly regarded elecrical/mechanical engineering firms competing for minority set aside dollars in MD. Managment expects signficant growth on both its minority and non-minority contact side. On the minority side, it was recently certfied as an MDE in VA; on the non-minority side, it is expanding its contracts as a prime with various State and City entitites.
Reason for Selling:
Seller inherited business; has other interests
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.
Resources: