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Construction, Inspection, and Engineering Firm – Includes Real Estate

Price: $900,000

Annual Revenue: $1,900,000

Net Cash Flow: $250,000

Industry: Engineering

Location: Connecticut

Construction testing company specializing in all aspects of construction materials and product testing as well as Engineering. Testing capabilities include Soils, Concrete and Masonry both field and lab, asphalt, fireproofing, core drilling, structural steel inspections, welder certification and procedures, MT & ultrasonic testing. Special Inspections that meet specific state of Connecticut standards. 

Listing Details

Terms and Conditions?:

The business is offered at $375,000 and Commercial Real Estate offered at $525,000. Package Deal Business and Real Estate $900,000

Real Estate: Included in the transaction – consisting of 8,000 sq ft multiuse warehouse. The majority of the building is owner-occupied with two tenants leasing some of the existing space.

Reason For Sale:

Retirement

Operation

Employees: 16

Location

Facilities Information:

Concrete building – office/laboratory – approximate 4,000 sq ft owner-occupied; two tenants lease approximately 4,000 sq ft. – Total land area just under an acre offering plenty of parking for the Owner and tenants. Conveniently located to major Interstate Highways offering easy access to all 4 corners of the State of Connecticut.

Professional Staff: Office is equipped with a well-seasoned staff consisting of 10 Field Inspectors; an Office Staff of approximately 5 – to manage day-to-day activities; Lab Manager, Field Manager, and Engineering Manager – to round out the Team. The total current staff of 16 will transition to new ownership.

Summary

Historical Summary:

Clients: Primarily Located within the State of Connecticut – Bridges; Roads; Parking Structures; Educational Buildings; Utilities; Hotels & Resorts; Medical; Mixed use. All notable projects – clients have a long-term loyal relationship.

 

Financing/Terms:

SBA qualified for the Real Estate portion of the Transaction – Commercial Financing – Limited Seller Financing TBD for qualified buyers.

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