This company provides mechanical, electrical, and plumbing
(MEP) engineering design services with limited fire protection
design for a repeat client base of about 215 projects annually.
Established 22 years ago, they are based in Charlotte North
Carolina and primarily serve clients throughout the
Southeastern United States. The business maintains a
diverse and stable client base of approximately 18 active
clients, consisting primarily of commercial business owners.
Revenue is well distributed, with no single client accounting
for more than 10–15%. The business operates from an office
that supports a team of seven employees, including licensed
engineers in electrical, mechanical, and plumbing, plus there
is an office manager who oversees bookkeeping and billing
functions in-house. The owner remains involved in the
operations where he provides proposals and some technical
engineering design work. In preparation for a business
transaction, the owner has started mentoring 2 senior
engineers to absorb the owners’ roles. The seller is planning
for retirement but has offered to stay with the business for 1
to 2 years to guide the new owner. Additionally, the seller has
offered to carry 10% of the purchase price as a show of good
faith in the continued success of the business post close.
Priced at $2,325,000 this opportunity is well-suited for either
an owner-operator seeking to enter or expand within the
industry, or for a strategic buyer looking to grow their
geographic presence and service capabilities. The firm has
the capacity to grow an additional 15–20% in workload with
the current team able to absorb without hiring. There are no
special designations being used to secure work.
- Asking Price:
- On request
- Sales Revenue:
- $1,943,923
- Cash Flow:
- $620,863
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Age / Retirement
- Employees:
- 7 employees including an electrical engineer, a mechanical engineer, and plumbing engineers, plus an office manager
- Years established:
- 22
