Seller's Contact Information
- RE: Structural Engineering Practice – Seller Staying
- Contact: Jared Olson
Quick Facts
Asking Price: | $1,290,000 | |
Annual Revenue: | $1,459,369 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $165,358 | |
Total Debt: | Not Disclosed | |
FF&E: | $73,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2006 | |
Employees: | 4 | |
BBN Listing #: | 985234398 | |
Broker Reference #: | AEI006-J |
Business Overview:
Serving clients in 27 states with 95% repeat! This Business has a client base that is Municipal and commercial: with their work including institutional buildings, warehouses, schools, gymnasiums, churches, and retirement & nursing homes. This steady client base has allowed the firm to reach a profit margin of 49%. The firm consists of 3 Engineers, 1 CAD technician; 5-6 drafters, and the owner who handles oversight and final approval of plans. With the qualifications that the staff holds, they can offer any service surrounding the scope of structural engineering. The current owner handles general oversight and gives the final approval on proposed plans, he does not have any billable engineer hours. The owner has offered a 3-year training period to assist with a smooth transition of ownership. In addition to this, the owner has offered 15% seller financing or equity roll of the purchase to show good faith in the continued success of the business moving forward.
Priced at $1,290,000, this company would be a great investment for a larger firm who is looking to expand their office and add to their existing portfolio. The company utilizes 2,600 square feet of space in a local office building fitted with private offices, an open work area, and a conference room with space for expansion.
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Property Features and Assets:
Equipment: $73,000: Office equipment, furniture, large format printers, drafting and other software. Lease: 2,600 square feet: Private offices, open work area, conference room with room for expansion.
Reason for Selling:
Retirement
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
Documents:
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