Well-Established & Profitable Engineering Firm

Listing Number: 67675-308197

Description

For over 25 years the owner of this geotechnical engineering/construction testing firm has built an incredibly loyal client base. This firm is regional serving clients from Greensboro to the Triangle to Goldsboro. This business is relocatable within this region.

2022 was the busiest year in the company's history. Growth comes from new clients, more business with existing clients, and increased fees. The highest portion of revenue still comes from ongoing projects with existing clients.

Currently, the owner is the only PE (Professional Engineer) on staff.

Growth Potential: Right now the owner is referring out much of the work because he cannot provide the service due to an already full schedule.

The seller is willing to stay on to assist during the negotiated transition time.

Please Note: In North Carolina, at least 2/3 of the shares of ownership must be held by licensed design professionals. At least one director and one officer who is a shareholder must be a North Carolina licensee.

Listing Details

• Price: $ 300,000
• Down Payment: $250,000
• Sellers Discretionary Earnings: $ 196,541
• Total Sales: $ 392,143
• Location: Alamance County, North Carolina


• Inventory: $ 0
• FF&E: $ 3,800
• Employees: 5
• Year Established: 1997
• Reason for Selling: Retirement
• Category: Engineering