NOT DISCLOSED, Indiana
| Asking Price |
$2,300,000 |
Year Established |
1992 |
|
| Annual Revenue |
$1,838,210 |
Reason for Selling |
Retirement/ Age |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$823,064 |
Listing Number |
988248 |
|
| # of Employees |
10 |
Business Category |
Services: Engineering, Architectural Services |
|
Business Overview:
This firm has been specializing in environmental testing and engineering services for over 30 years primarily for state and commercial clients with a 75% repeat client base. Services include Storm Water Design and Inspections, Erosion Control, Environmental, Soil, Water, and Air Testing, and Environmental permitting. They boast a current work in progress of over $1.9M with included operating capital of ~ $86K. The company employs a dedicated team of 10 which includes 3 Licensed Engineers, 6 Inspectors, a Geologist, and Office Admin. The seller is selling the firm as part of succession planning due to her age. She has offered to carry 10% of the purchase price coupled with a 6-month training period plus an additional 6 months of consulting in order to show good faith in the continued success of the business. The seller is involved with key responsibilities including providing general oversight to the team, approving payroll, reviewing the bids and projects with the engineers. Priced at $2,300,000, this business stands out as a reputable provider of essential environmental testing and engineering solutions with a strong foundation built over decades of experience. This business carries two designations that play a vital role in their success: Women-Owned Business Enterprise (WBE) and Disadvantaged Business Enterprise (DBE) designations. Approximately 75% of the revenue collected comes from these designations, a buyer will need to qualify for DBE, WBE, or Veteran to continue with the contracts awarded.
Property Features and Assets:
<p>Assets Included in Purchase: $464,521<br></p>
Market Competition and Expansion:
<p>Growth Opportunities: Expand into geotechnical engineering and add survey layout to services offered<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