AUSTIN, Texas
| Asking Price |
$1,325,000 |
Year Established |
1994 |
|
| Annual Revenue |
$1,960,697 |
Reason for Selling |
Intention of purchase |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$304,047 |
Listing Number |
1002944 |
|
| # of Employees |
16 |
Business Category |
Services: Engineering, Architectural Services |
|
Business Overview:
This firm specializes in several key areas of surveying: Boundary, Design, and Construction Surveying, LiDAR Services for high-resolution mapping and analysis, and Quality Control Services to ensure the accuracy and reliability of survey data and title surveys. Their client base consists of engineering firms, land developers, and municipalities. For three decades this business has provided services throughout Central Texas, focusing on Austin and the surrounding counties. The team consists of 16 employees, which includes: 1 Principal Engineer, 2 General Managers, an Office Manager, a Senior Technical Designer, and various technicians who carry out fieldwork, data collection, and drone piloting. Less than 2 years ago, over $650,000 of new equipment and technology was added, including: High-end Drone with software, State of the Art robots and terrestrial scanners. Additionally, the business comes with over $200,000 of vehicles and working capital of $115,000. The company operates from a nice office space of 3,100 square feet. The owner’s responsibilities are passive and include oversight of the team and completing administrative tasks, roughly 10 hours per week. Priced at $1,325,000, which is based on a 4-year cash flow average of $415,580 with a multiple of 3.2. There are several avenues for growth identified within this business – these areas include the incorporation of drone technology and Geographic Information Systems (GIS) as they can enhance surveying capabilities and efficiency. Expanding into hydrographic surveying could open new markets related to water bodies.
Property Features and Assets:
<p>Assets Included in Purchase: ~$1,148,694<br></p>
Market Competition and Expansion:
<p>Clients: Engineering firms, land developers, and municipalities<br></p>
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