Consulting Engineering Firm For Sale
Price: $995,000
Annual Revenue: $2,015,471
Net Cash Flow: $273,000
Industry: Engineering
Location: Fairfield County, Connecticut
Prominent Civil Engineering – Land Surveying Company headquartered in Fairfield County has over 40 years of Land Records for Fairfield, Litchfield, and Surrounding Counties. This firm offers Civil Engineering, Environmental, Landscape Architecture and Land Surveying. Active annual accounts exceed 200 unique clients/projects annually and the company is on track to deliver $2.2 million in Revenue in 2023.
The firm has a highly skilled and well-respected staff consisting of approximately 10 employees plus the principal owner.
Commercial Real Estate is partially owner-occupied and partly rented and is available for sale – as a separate transaction. The estimated fair market value of Real Estate is $1,000,000. Included in the sale is industry specific equipment and vehicles.
CT State Ownership: Ownership restrictions per State of Connecticut Professional Organizations = Principal Owner needs to be a Licensed PE and or Licensed Surveyor in the State of Connecticut. (Subject to attorney verification).
The owner is willing to entertain Long Term Transition for a Qualified Buyer
Listing Details
FFE: $175,000 (Included in Price)
Reason For Sale:
Retirement
Training & Support:
Several Partners have reached retirement age, as a result, senior partners are looking to exit in a relatively short period of time while offering an orderly transition of the business. Junior partners are open to an orderly transition and possibly longer-term employment – TBD – based on Seller’s and Buyer’s Preferences.
Summary
Financing/Terms:
SBA Pre-Approved with 20% down; Some Seller Financing TBD based on Buyers Qualifications.