Surveying & Civil Engineering Firm – Sold
Price: $1,100,000
Annual Revenue: $1,741,565
Net Cash Flow: $464,374
Industry: Engineering
Location: Western, Massachusetts
Listing ID: 20
This Business has been sold, view our other engineering businesses for sale. With over 50 years of success, this profitable and well-established firm provides land surveying, civil engineering, land developing, and planning engineering services throughout Hampshire, Worcester, and Hampden counties and surrounding areas. They have very deep relationships with their customers who include contractors, residents, and municipalities, many of whom they have been delivering high-quality services for over 25 years. With ongoing on-call contracts in place with public entities that typically renew year after year they have a stable source of recurring revenue and are extremely well-positioned for the future. Service revenue is comprised of approximately 80% surveying and 20% engineering. Longstanding memberships include MALSCE and ASCE.
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Listing Details
Reason For Sale:
retirement planning
Training & Support:
The seller is committed to the long term success of the business and will provide a successful transition appropriate to the buyers needs.
Operation
Year Established: 1950
Employees: 18
Location
Facilities Information:
Their office space includes 2,250 square feet, a 970 sq. ft. file room and 900 square foot equipment room in the basement. The basement space is not counted in the overall building The 10,000 sq.ft. building is owned by the seller. A lease will be assigned to the buyer.
Summary
Competition:
Their entrenched long-term relationships position them extremely well in their market. They are one of the most well respected firms known for the high quality of service they deliver.
Potential Growth:
Since most of their business is repeat and through referrals, they could expand their sales and marketing effort and develop new accounts. They could also expand their service area.
Financing/Terms:
The seller is willing to finance part of the sale.