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Listed by:

The Firm

Well Established Full Service Civil Engineering For Sale

Illinois, US
Asking Price:
$1,050,000 Furniture / Fixtures included
Sales Revenue:
$2,272,846
Cash Flow:
$330,965

This full-service civil engineering firm has $2M worth of work on the books for 2022 and current numbers are annualizing to show that they are set to make $2.5M in 2022 which is higher than pre-pandemic numbers. With a profit margin of 23%, the 2022 annualized cash flow is $408,956. Based in Chicago, this firm has been in service since 1955 and with their excellent local reputation and established government contracts, this second-generation company is primed for continued growth. Services offered include Civil Engineering, Surveying, Construction Management, Forensic Engineering, GIS and CAD. They currently have a customer base that is primarily made up of government and municipal work (75%) and also includes education (8%), contractors (9%), and private companies (8%). The two current owners work full time for the business. Owner 1 handles general management and oversight as well as marketing while owner 2 is the managing engineer and senior project manager.
The current team operates out of a 6000 square foot office space. There are 11 total employees on staff, outside of the owners. This includes 3 engineers, 1 surveyor, 1 CADD manager, 3 survey team members, and 3 administrative assistants. Their team boasts impressive credentials and experience beyond many of their competitors. These qualifications, along with the firm’s long-established reputation in local governments and municipalities give the firm a strong competitive advantage when bidding on projects. Because of the strong team in place, a new owner would not need to be a licensed engineer, as the staff on hand already has the necessary licenses.
At a price of $1,050,000 and a down payment of $105,000, a buyer would receive $164,611 after debt payments, resulting in a 157% return on investment in the first year! The existing team is set up to continue operating after the current owners leave. However, the sellers are also open to staying on as strategic partners and helping the new owner grow the business in the years to come. Other opportunities for new ownership include hiring another surveyor or EIT to bring on additional projects. This business is primed for multiple growth opportunities under new ownership!

Property Information

Real Estate:

Lease

Lease Terms:

Lease: 6,000 sq. ft. office space; $5,500/month

Location:

Location & Service Area: Chicagoland (85%) and Northern Illinois (15%)

Premises Details:

Lease: 6,000 sq. ft. office space; $5,500/month

Size in square feet:
6,000

Business Operation

Expansion Potential:

Growth Opportunities: Hiring another surveyor or EIT to bring on additional projects.

Reasons for selling:

Retirement

Employees:
2 owners + 10 employees
Years established:
Established: 1955; under current ownership since 200

Other Information

Support & training:

Seller Training Period: 2-3 years

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

10% Buyer Down Payment
$105,000
25% Seller Financing with Benchmarks
$262,500
65% Bank Loan
$682,500

Furniture / Fixtures value:
$500,000 - included in the asking price
Related Documents:

Contact The Firm

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