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Recession Resistant Structural Engineering Company - SC2099
Asking price $599,000
Cash Flow: $136,550
Gross Revenue: $303,039
EBIT DA: No Data
FF&E: $10,000
Inventory: No Data
Established: 2004
Type: Independent
Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento
(916)8002090
Business Description:
This Northern California-based Structural Engineering Company is a California S-Corporation and was established in 2004 providing full-service structural engineering services to clients throughout California and Nevada. They have extensive structural consulting experience in commercial, industrial, institutional, and residential building projects. Their vision, since being founded, is to provide their clients with the highest quality service and construction documents while employing efficient and innovative solutions. Their projects span across essential facilities (police and fire stations), seismic retrofit projects, educational facilities, and residential buildings.
Competition
Since they are in Northern California, the continuation of construction and building is still growing, especially in public work sectors and educational facilities. California has a long history of strong support for bond measures for education. This creates a robust and somewhat recession-proof market for schoolwork at all education levels (i.e., K-12, community college, university). There are many aging California public schools that do not meet the current standards of seismic design. Further, the Division of the State Architect (DSA), the jurisdiction having authority over public schools, is leading an effort for mandated seismic retrofit. California will always be an area of high seismicity and demand for seismic engineering including building retrofit is ever-increasing. One of the most valuable assets of this organization is their highly diversified and highly loyal customer base.
Growth & Expansion
Growth can be obtained by providing additional services and going after new markets and clients. Also, expansion geographically and further marketing and sales efforts could help to grow business. This business is highly scalable. This would be a perfect business for an engineer looking to get into their own company. Licenses required include CA Civil and CA Structural for public school work.
Support & Training
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.
Reason for Selling
The reason for selling is Sellers are looking to retire.
Detailed information
- Year Established: 2004
- Home Based: No
- Franchise: No
- Relocatable: Yes
- Required Licenses: CA Civil and CA Structural for public school work
- Is Property Leased: Yes
- Real Estate Included: No
- Real Estate Available: N/A
- Real Estate Value: N/A
- Part-time Employees: N/A
- Full-time Employees: 2
- Building Size: 505 sq. ft.
- Monthly Rent: $876.00
Broker: ProEquity Asset Management Corporation License ID: 01870526
Selling Reason:
The reason for selling is Sellers are looking to retire.
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