Price Reduced at this North Florida Engineering & Soil Testing Company. This business has provided civil engineering evaluations & soil testing, geotechnical studies, and construction testing activities on over 5,600 projects in the past 25 years. Services include subsurface explorations & evaluations for commercial/residential properties environmental studies & construction materials testing. Everything is in place. Turn key deal for a qualified PE buyer. The seller will agree to remain for up to one year with the new Owner. $50K Owner financing for qualified buyer.
- Asking Price:
- $395,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $377,358
- Cash Flow:
- $158,174
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This company is strategically located in North Florida with offices well suited for this type of engineering service with easy access to major highways. Testing Equipment and heavy equipment used in soil drilling are stored on-site. The Seller leases his location and relations with the landlord are very favorable.
Business Operation
- Expansion Potential:
-
There are several sectors in this local/regional marketplace that offer substantial potential for growth. Continuing contracts with the City and County where this business is located are awarded every three years and these awards are rapidly approaching. Although the company regularly performs geotechnical engineering work on such projects through prime civil engineering consultants, it would be a fairly easy task to secure work directly with the City and County. This also applies to the State of Florida and the State of Georgia's upcoming projects. Also, a new owner could easily engage in face-to-face marketing (assisted by the current owner for a “to be determined” period) to enhance greater growth. Commercial and Residential opportunities also exist in the outlying bedroom communities and neighboring areas. This company often gets calls for servicing in any one of a dozen or more smaller towns in the immediate region. Between their regional footprint and their excellent reputation, they are a very well-known commodity in the commercial/residential soil evaluation arena. A new owner with proven business promotion skills will be able to greatly capitalize on and exploit these opportunities!
- Competition / Market:
-
This company is the “go-to” firm for some of the biggest projects in the region requiring expert engineering analysis for foundation design to the smallest evaluations for residential work. They work with most major consulting, contracting, and institutional entities in North Florida and South Georgia. Some of their regular customers include structural and civil engineers, architects, large and small contractors, developers, local government, and private owners. This company has great relationships with the people that steer these companies and these relationships result in regular referral business. Recent price increases for the company’s customers have not slowed the workload. Projects in the region where this business is located continue to increase and this company is benefiting from this steady increase in development throughout this area. After new clients have had the customer experience working with this business, they "become customers for life."
- Reasons for selling:
-
Seek other opportunities unrelated to this company.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 4 FT/2 PT
- Years established:
- 25
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$345K down/$50K over 48 mos. @ 7%.
- Furniture / Fixtures value:
- $106,995 - included in the asking price
- Inventory / Stock value:
- $100 - included in the asking price
