Business Overview

Established since 2000, this land surveying company has long standing relationships with area Title Companies, Lenders, Mortgage companies , construction companies and local governments to ensure consistent revenues. Located in the North Dallas area, the exploding residential and commercial growth has generated a backlog of projects.

This is a semi absentee opportunity where the owner works approximately 20 hours per week and is supported by an experienced and seasoned staff, including one employee who is a registered land surveyor.
They have 6 commercial contracts contributing approximately 14% of revenues.

Financial

  • Asking Price: $950,000
  • Cash Flow: $333,392
  • Gross Revenue: $845,339
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

• They have a 5000 SF facility that has a lease rate of $3000/Month and does not include Insurance, Maintenance and Taxes. • Note that the seller would consider selling the Real Estate separately from this transaction.

Is Support & Training Included:

2-4 weeks as needed

Purpose For Selling:

Retirement

Pros and Cons:

One competitor in the area

Opportunities and Growth:

The exploding population and commercial growth will continue to support growing revenues.

Additional Info

The business was started in 2000, making the business 22 years old.

The company has 11 FT 1 PT employees and is situated in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell companies. Nevertheless, the true reason and the one they tell you may be 2 totally different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is very essential that you not count absolutely on a vendor's word, however instead, utilize the vendor's answer combined with your overall due diligence. This will repaint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new customers? Many times, companies have repeat consumers, which develop the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, road construction, and also employee turnover can influence repeat clients and adversely affect future profits. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the better the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the regional median house earnings impact future earnings potential?