Desirable acquisition target a professional engineering consulting firm in the northeast United States. This engineering firm evaluates building systems for safety and efficiency. Skilled engineers & architects design, specify repairs and improvements, and inspect buildings and structures to ensure they continue to meet ever-changing building codes. The business has secured long-term client relationships through their commitment to top-quality work, client service and public safety. There is a tenured and highly skilled management team in place. This allows new leadership to focus on maintaining or increasing the current double-digit growth. Currently, new project requests exceed the firm's bandwidth to complete the projects on a timely basis; they are turning away projects. Initiating an advertising and professional networking program, adding additional engineers & architects, and providing focused leadership are the keys to controlled and responsible growth to an already booming business. This is neither an offer nor a solicitation to sell securities. Real estate broker license on file. For more information, please contact Gateway Mergers & Acquisitions.
- Asking Price:
- On request Furniture / Fixtures included
- Sales Revenue:
- $3,739,072
- Cash Flow:
- $2,508,895
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Prior to the pandemic the business was housed in a leased, fully furnished flex-space with shared amenities. This arrangement allowed for great flexibility providing access to conference rooms and private offices as needed. The pandemic shifted the workforce to a work-from-home model. A new owner will relocate the firm to their offices, maintain the current work-from-home business model, or return to the leased, flex- space model.
- Size in square feet:
- 1,200
Business Operation
- Expansion Potential:
-
Current annual sales growth is 17%+. The firm doesn't currently offer civil, environmental, or mechanical engineering services. Purchaser can offer these services, and additional services, to current and new clients to build upon the current double digit growth. Initiating an advertising and professional networking program, adding additional engineers & architects, and focused leadership are the keys to controlled and responsible growth to an already booming business.
- Competition / Market:
-
This niche professional service business is enjoying double digit growth without any marketing efforts. New leadership, with a focus on advertising and networking, should be able to increase the current revenues exponentially. The firm's sterling reputation, track record of on-time project completion and client satisfaction set this firm apart from other firms in the industry.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday - Friday; occasional Saturdays
9:00am - 5:00am
- Employees:
- 11
Other Information
- Support & training:
-
Current owner is committed to a smooth transition to new ownership. Training and transition period will be negotiated as part of the purchase. Length and scope of the training & transition period will be determined by purchaser's experience in the industry.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Relocatable:
- This business can be relocated.
