90% Repeat Clients in OKC Engineering Firm

Oklahoma City, OK


Asking Price: Annual Revenue:
$1,475,000 $974,641

Services: Engineering, Architectural Services


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RE: 90% Repeat Clients in OKC Engineering Firm Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $147,500 20% Seller Financing or Equity Roll $295,000 70% Bank Loan $1,302,500

Quick Facts

Asking Price: $1,475,000
Annual Revenue: $974,641
Net Profit: Not Disclosed
Cash Flow: $560,292
Total Debt: Not Disclosed
FF&E: $73,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 4
BBN Listing #: 13234398
Broker Reference #: AEI006-F

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Business Overview:

With over 90% repeat clients, this structural engineering firm caters to a client base which is primarily located in Oklahoma. Their clients are 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 coupled with their annualized gross revenue of $974,641 for 2022 shows that this firm is primed for continual onward growth. With the qualifications that the staff holds, they can offer any service surrounding structural engineering. The team consists of 3 Engineers, 1 CAD technician; 5-6 drafters at contracted firm, and the owner who handles oversight and final approval of plans. The current owner has offered a 1–2-year training period to assist with a smooth transition of ownership. In addition to this, the owner has offered 20% seller financing or equity roll of the purchase to show good faith in the continued success of the business moving forward.

While most of this company’s clients are in Oklahoma (95%), 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. The company utilizes 2,600 square feet of space in a local office building. There is room within the building for expansion, if desired.

Priced at $1,475,000 a 10% down payment of $147,500 returns $262,396 in the first year after debt payments, this a return-on-investment rate of 178%! The current owner has agreed to stay on for two years and carry 20% 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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Property Features and Assets:

Equipment: $73,000: Office equipment, furniture, large format printers, drafting and other software

Market Competition and Expansion:

Growth Opportunities: 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

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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