Civil engineering firm focused on waste water and disaster relief for suffering communities!
Roughly 50% of the work they do comes from infrastructure grants, and 50% comes from referring engineering firms who lack the expertise in this niche of water and
wastewater management.
The firm does not bid to gain or win work; rather they have a niche in grant application processing.
Their team of 11 consists of 2 Licensed Engineers, 5 Non-Licensed Engineers, and 4 in administration.
They work out of a 2,600 square foot office space and have the necessary resources to accommodate their operations effectively. They work closely with cities, counties, and special districts to provide expertise in various aspects of engineering related to water and wastewater systems.
This includes:
-Designing
-Planning
-Implementing infrastructure projects
-Water treatment plants
-Sewage systems
-Stormwater management
-Other related facilities
They primarily serve the Central Valley of California, including clients in Kern County, Modesto, and Stockton.
The current owner has decided to sell the firm in order to plan for retirement.
The current owner’s responsibilities include general oversight with limited direct interactions with clients.
As part of the transition process, he is willing to provide a training period of 1-2 years to ensure a smooth handover of the operation.
This will allow the new owners to familiarize themselves with the business operations, client base, and ongoing projects. In addition to the 1-2 year training period, the
seller has offered to carry 20% of the purchase price via seller financing and an equity roll.
Priced at $7,000,000, this business is primed and ready for a new owner to step in and enjoy a reputation that has been built over the last 10 years. A 10% down payment of $700,000 returns $539,232 in the first year after debt payments, which is a 77% return on investment!
The current owner provides light oversight, handling hiring processes, and managing invoicing.
These responsibilities can be absorbed by the existing staff or delegated to new hires as the business transitions to new ownership.
One of the growth opportunities lies in outsourcing the grant writing.
With an increasing demand for infrastructure development and maintenance, there is significant potential for expansion in their area.
