Business Overview:
Light & Raphael is pleased to offer a successful engineering and surveying company for sale in West Virginia. The company employs a loyal and highly trained workforce of full-time and part-time staff. The company is not active in social media and spends very little on advertising and nor does it have a website. It relies primarily on word of mouth and referrals.
The current owners have not tried to grow the firm over the last seven years, just maintain what the current situation. The owners believe there is very good potential to grow into a $750,000 per year gross revenue business.
Seller will provide support and training following the sale.
Owner wishes to pursue other interests.
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Property Features and Assets:
Location is leased from part-time employee.
Market Competition and Expansion:
The Engineering Services industry has grown over the five years to 2022, driven by strong demand from the private and public sectors. However, revenue volatility has increased during the current period due to the outbreak of the COVID-19 (coronavirus) pandemic in 2020, which temporarily reduced demand across nearly all downstream markets. Consequently, revenue declined 1.8% in 2020 alone, after experiencing robust growth for six consecutive years prior to the pandemic. The economic recovery in 2021 facilitated industry growth, with revenue increasing 6.4% in 2021. Over the five years to 2022, industry revenue is expected to grow at an annualized rate of 3.4% to $326.5 billion.
Reason for Selling:
Owner wishes to retire.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Asking Price: $650,000