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Listed by:

The Firm

Structural And Offsite Civil Engineering For Sale

Las Vegas, Nevada, US
Asking Price:
$6,150,000
Sales Revenue:
$2,606,294
Cash Flow:
$1,614,434

The sellers of this well-established structural engineering firm will roll 20% equity and stay on board for up to 5 years! With nearly $640k in sales in Q1 2021, this business is looking to have a highly profitable year. The majority of their 70+ recurring clients have been with them for a minimum of 8 years. Boasting a 5-year average profit margin of 58%, this company’s client base is comprised of contractors, developers, architects, engineers, and owner-builders, Established since 2006, approximate sale size ranges from $20k-$60k for residential projects and $2k-$3k for the offsite civil structures. The hot residential market in Las Vegas has propelled this firm’s business to focus and specialize in custom, tract, and multifamily homes, as well as offsite civil structures. The team includes the 3 owners, who are licensed professional engineers (CE), 1 Senior Project Manager, 1 Drafter, and 2 regular professionals subcontracted as needed. The new owner would not need to be a licensed engineer; there would just need to be one on staff to stamp the drawings, designs, plans, etc.

The firm works out of a 4,000 sq. ft. building with 7 offices, a conference room, meeting room, IT room, and a bullpen with 6-cubicle workstations and a production area. The owners of the business also own the building (through a separate entity) and lease it to themselves for $7,000/month. (A fair market rate for rent would be in the $4,000/month range.)

Priced at $6,150,000, the growth potential for this firm is substantial. With the constant influx of population, the Las Vegas construction market is booming with design demand in every sector. This demand yields several untapped markets in the region that this firm simply does not currently have the manpower to explore. A larger firm looking to expand into this hot market, or an existing firm that offers different services, could seamlessly merge with this versatile and well-recognized company to increase market share, and exponentially boost revenue. Having established a great reputation, this firm’s current marketing practice consists entirely of word-of-mouth advertising. So, updating their website, creating a social media presence, and implementing a marketing strategy could also lead to continued growth.

Property Information

Real Estate:

Lease

Location:

Las Vegas, Nevada

Premises Details:

4,000 sq. ft. building, renovated in 2018

Business Operation

Expansion Potential:

Expand services to include mechanical engineering, implement marketing strategy, pursue untapped markets in the area such as warehouse manufacturing, increase commercial client base

Reasons for selling:

Industry Consolidation

Employees:
7; includes a Senior Project Manager & a Drafter
Years established:
2006

Other Information

Support & training:

2-5 years

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $6,150,000

10% Buyer Down Payment $615,000
20% Seller Financing or Equity Roll $1,230,000
70% Bank Loan $4,305,000

Related Documents:

Contact The Firm

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