CHARLOTTE, North Carolina
| Asking Price |
$2,250,000 |
Year Established |
2005 |
|
| Annual Revenue |
$2,280,533 |
Reason for Selling |
Age / Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$617,654 |
Listing Number |
1019637 |
|
| # of Employees |
8 |
Business Category |
Services: Engineering, Architectural Services |
|
Business Overview:
This engineering firm provides mechanical, electrical, and plumbing (MEP) design services and fire protection design. For 20+ years, they have been based in Charlotte NC, primarily serving a repeat client base of about 215 projects annually throughout the Southeastern United States. The business maintains a diverse and stable client base of architects and commercial business owners, with no single client accounting for more than 10%. The business operates from an office that supports a team of eight employees, including licensed engineers in electrical, mechanical, and plumbing, plus there is an office manager who oversees bookkeeping and billing functions in-house. The owner remains involved in the operations where he provides proposals and some technical engineering design work. In preparation for a business transaction, the owner has started mentoring 2 senior engineers to absorb the owners’ roles. The seller is planning for retirement but has offered to stay with the business for 1 to 2 years to guide the new owner. Additionally, the seller has offered to carry 10% of the purchase price as a show of good faith in the continued success of the business post close. Priced at $2,250,000 this opportunity is well-suited for either an owner-operator seeking to enter or expand within the industry, or for a strategic buyer looking to grow their geographic presence and service capabilities. The firm has the capacity to grow an additional 15–20% in workload with the current team able to absorb without hiring. There are no special designations being used to secure work.
Property Features and Assets:
Market Competition and Expansion:
<p>Growth Opportunities: Implement a business development plan to bring on new clients<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