Engineering Firm: Owner to stay 3 years

Not Disclosed, OK


Asking Price: Annual Revenue:
$1,390,000 $974,641

Services: Construction, Contractors


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RE: Engineering Firm: Owner to stay 3 years Broker: Cortney Sells
Owner Financing is Available!
15% Seller Financing or Equity Roll $208,500

Quick Facts

Asking Price: $1,390,000
Annual Revenue: $974,641
Net Profit: Not Disclosed
Cash Flow: $422,127
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 6
BBN Listing #: 132234398
Broker Reference #: AEI006-I

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Business Overview:

With over 90% repeat clients, this firm caters to a client base which is primarily located in Oklahoma. However, those companies have multiple locations throughout the United States and due to their long-term relationships, the firm handles work for many of those projects. This Business has a client base that is 100% commercial: with their work including institutional buildings, warehouses, retail shopping centers, schools, gymnasiums, churches, and retirement & nursing homes. This steady client base has allowed the firm to reach a profit margin of 49% in 2021. This Structural Engineering team consists of 3 Engineers, 1 CAD technician; 5-6 drafters, and the owner who handles oversight and final approval of plans. With the qualifications that the staff holds, they can offer any service surrounding the scope of structural engineering. The current owner handles general oversight and gives the final approval on proposed plans. The owner has offered a 3-year training period to assist with a smooth transition of ownership. In addition to this, the owner has offered 15% seller financing or equity roll of the purchase to show good faith in the continued success of the business moving forward.

The company utilizes 2,600 square feet of space in a local office building fitted with private offices, an open work area, and a conference room with space for expansion.

Priced at $1,390,000 a 10% down payment of $139,000 returns $280,161 in the first year after debt payments, this a return-on-investment rate of 201%! The current owner has agreed to stay on for three years and carry 15% of the business after purchase to show just how much faith he has in the business and in the new owner’s opportunities to continue and grow.

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Market Competition and Expansion:

Maximize utilization of sister firm to increase capacity while maintaining positive margins, build client base in the OKC area, expand to additional states.

Reason for Selling:

Retirement Planning.

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.

Documents:

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