Structural Engineering Firm-Outstanding Growth

Business Overview:

The company provides consulting structural engineering and related design services, specializing in structural steel, reinforced concrete, cold-formed steel, timber and masonry.

Owner is a Professional Engineer with an impressive history in management and completing a wide range of projects in Georgia and throughout the Southeast. Major markets served include commercial, industrial, healthcare, agriculture, food & beverage, education, and residential. Clients include architects, contractors, fabricators, detailers, and business owners. Clients range in size from small business to the Fortune 100.

Client base consists of 100+ accounts and most are a source of repeat business. Approximately 75% of clients have been using the company’s services for at least three years. Revenue received over the years comes from a large number of clients each year, and the business does not rely on a short list of clients for the bulk of its revenue.

A qualified buyer must be a Georgia Registered Professional Engineer. Expertise in structural engineering, design of structural steel, reinforced concrete, and timber structures is required. Additional capabilities in steel connections, stairs and rails, cold-formed steel, and pre-engineered metal building foundation design is a plus. 

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Property Features and Assets:

Business owner owns the property. Building is a 3,300 square foot one-story standalone structure with new paint, new roof and remodeled interior. Significant additional space for growth and adding staff is available.

Owner will lease or sell the property. The term of a lease would be up to five years with monthly rent of $1,500/month. Sale price for the property is $180,000.

Assets = $13,175

Market Competition and Expansion:

Growth potential for the company is outstanding as the owner has not been pursuing an aggressive growth strategy. Owner wants to retire soon and is maintaining the size of the company at the current level, and is working about 32 hours per week. New clients are gained mostly through referrals, but some new clients contact the company after visiting the website. Website provides an impressive list of services provided, client references and projects completed. 

The new owner could immediately recognize growth in sales by working more hours, as the current owner is turning down some projects to maintain a 32-hour work week. More sales growth could be achieved by launching sales and marketing campaigns that target the existing client base and other prospects in the markets served by the company.  An expanded use of the website and possibly other forms of social media could also be used to increase sales.

Reason for Selling:

Owner is retiring.

Additional Details:

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