Listing Number: 2401-824062
Growth opportunity for an established civil engineering firm, or independent civil engineer ready to expand. Sellers are PE’s and have been doing the work – part time in 2019. They are moving on to new chapters in their lives. Selling their contracts, pipeline, relationships and transitional support. This is appropriate for an active PE working from San Diego or Riverside County. Current contracts and projects are related to entitlements and final engineering in the area.
Firm has been serving developers, builders, and the communities needing engineering support and guidance. Historically, it was a full-service land development firm providing planning, engineering, plan processing, environmental studies and land surveying for master-planned neighborhoods. Clients have been represented in AZ, CA, and Texas. They embrace changing regulations, consumer tastes, engineering realities and aesthetics - and fixed the mistakes made by those that did not engage professionals effectively. Their concept to design approach merges form with function, efficiently connected and beautiful.
Sellers are highly experienced and offering transitional support to the new PE owner. They are open to consulting after the sale to facilitate the transfer of relationships and to share the details related to the work transitioning. They have many projects completed, current contracts in place worth $500-$600k gross profit going into 2020, and a pipeline of entitled projects anticipated at $2M over the next few years.
All support is subcontracted. This includes the son of one of the partners who does the computer work, knows the projects and clients, and is open to stay on as a sub-contractor or employee.
Established in 2010, the firm has not invested in marketing beyond the website. It’s been a word of mouth business with many repeat clients. The business is relocatable, even home office possible. There is a conveniently located spacious office space available if buyer wants to move in a team in but it is not necessary for the current operation.
2019 revenue is projected at $370k, gross profit $221. Very little expense. Current workload for 1 full time PE.
Asking $199k. Up to 50% seller financing possible.
- Price: $195,000
- Down Payment: $117,000
- Sellers Discretionary Earnings: $191,492
- Total Sales: $370,228
- Inventory: $0
- FF&E: $0
- Reason for Selling: retiring
- Category: Engineering