Well Established Full-Service Civil Engineering

Chicago, IL


Asking Price: Annual Revenue:
$1,150,000 $2,504,792

Services: Construction, Contractors


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RE: Well Established Full-Service Civil Engineering Broker: Seller of Business

Quick Facts

Asking Price: $1,150,000
Annual Revenue: $2,504,792
Net Profit: Not Disclosed
Cash Flow: $408,956
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1955
Employees: 11
BBN Listing #: 434534398
Broker Reference #: AEI022-C

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Business Overview:

This full-service civil engineering firm has $2M worth of work on the books for 2022 and current numbers are annualizing to show that they are set to make $2.5M in 2022 which is higher than pre-pandemic numbers. With a profit margin of 23%, the 2022 annualized cash flow is $408,956. Based in Chicago, this firm has been in service since 1955 and with their excellent local reputation and established government contracts, this second-generation company is primed for continued growth. Services offered include Civil Engineering, Surveying, Construction Management, Forensic Engineering, GIS and CAD. They currently have a customer base that is primarily made up of government and municipal work (75%) and also includes education (8%), contractors (9%), and private companies (8%). The two current owners work full time for the business. Owner 1 handles general management and oversight as well as marketing while owner 2 is the managing engineer and senior project manager. While there are enough employees to handle the majority of the sellers’ roles, there is a replacement cost of $150,000/year to keep the sellers on or hire to grow.

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Property Features and Assets:

Vehicles & Equipment: $500,000; WIP: $1,600,000 Pipeline: $300,000.

Market Competition and Expansion:

Growth Opportunities: Hiring another surveyor or EIT to bring on additional projects.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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