Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
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.
Las Vegas, Nevada
4,000 sq. ft. building, renovated in 2018
Expand services to include mechanical engineering, implement marketing strategy, pursue untapped markets in the area such as warehouse manufacturing, increase commercial client base
If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.Sell Your Business