General Engineering Company, $5 Million Earnings

Confidential, CA

Asking Price: Annual Revenue:
Not Disclosed $25,000,000

Services: Construction, Contractors

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RE: General Engineering Company, $5 Million Earnings Broker: Helen Liu
License #: 01229641

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $25,000,000
Net Profit: Not Disclosed
Cash Flow: $5,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 80
BBN Listing #: 610459822
Broker Reference #: CAMPBCA001-N527

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Business Overview:

For over 30 years, this highly profitable general engineering company has provided the complete set of exterior site services and end-to-end project management for high-density housing, commercial and industrial projects. The San Jose greater metro-area is forecasted to have excellent growth within the markets served, solidifying their forecasted annual revenue growth (12.5%) over the next 3 years. 2021 projected Gross Revenue of $27.3 Million and $5.1 Million EBITDA. Long term liabilities are typically less than $600,000 and annual capital expenditures average less than $1,000,000. Their track record of successful growth is fueled by the company’s reputation, their offering of a complete set of services, an experienced management team with field experts (80 employees), an extensive reliable fleet (92 vehicles worth over $3 Million) and the utilization of first-class project and management systems. As part of their exit strategy planning, the owner approves new projects and attends to higher level organizational needs with management oversight. He is not involved in day-to-day project decisions or on any contact list. Managers, superintendents, foreman and employees are empowered to solve problems real-time, in accordance with company policy within the team culture. Business referrals come into the company by website, phone or direct contact with employees (not the owner). This streamlined, full-service organization offers an extensive set of exterior site services under one project manager, greatly simplifying the client’s requirements of having to manage several subcontractors. Services include site prep, landscape, site concrete, pavers, paving and project management. This suite of offered services are an added barrier to competitive entry in this market. Experienced tenured field leaders and tradespeople are represented by several local unions and are supported by the outstanding office leadership team. Qualified buyers must have a Class A, General Engineering Contractor License in California, with related construction engineering and management experience. The owner plans to pursue other business interests after the 100% sale. Training will be mutually agreed to help facilitate buyer success.

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Property Features and Assets:

Real Estate License ID: 01229641

Reason for Selling:

Pursue Other Business 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.

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