Listing ID: 79337
Reason for Sale: Retirement- Extremely Profitable Civil Engineering and Land Surveying & Mapping firm in South Florida. Fully staffed engineering and land surveying & mapping firm with 35+ years of history in South Florida. Great books & records (Lender Pre-qualified), 1-2 years pipeline contracted work already in place. Owners will stay on to ensure smooth transition & qualify the company if needed. Work spans private & public-sector, with a focus on city & county work, Civil Engineering and Land Surveying & Mapping. Clients include developers, private entities, public agencies architectural firms & other engineering firms. Perfect for expansion of an existing Civil Engineering and Land Surveying & Mapping firm, or an individual engineer or land surveyor looking to own a business. 2021 Owner Benefit $400k+ with Sales of $1.5 million in 2021. Lender Pre-qualified with 10% Down.
- Asking Price: $1,350,000
- Cash Flow: $348,781
- Gross Revenue: $1,468,771
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1985
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Rent $2500 -Lease 12/31/2027-+ One 5 year option.
Will train for 4 weeks @ $0 cost. Civil Engineering and Land Surveying and Mapping business offering our professional services to Public entities and Private clients ranging from Local Governments, Developers, Architects, and other Engineering firms.
Their competition consists mainly of other engineering and land surveying firms.
The company was started in 1985, making the business 37 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. However, the real factor and the one they tell you may be 2 completely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is really vital that you not rely totally on a seller's word, but rather, use the seller's solution along with your general due diligence. This will paint a more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new clients? Often times, companies have repeat customers, which form the core of their daily revenues. Certain aspects such as new competition sprouting up around the area, roadway building and construction, as well as personnel turn over can influence repeat clients and also negatively affect future profits. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to build a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average family earnings impact future income potential?