Cash Flow Rich Engineering Firm
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $700000
Net Profit / Cash Flow $130000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 6 - 9
Inventory 305000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Retirement
Description This New York area based Underground Structural Engineering Consulting Firm provides construction design, structural design, expert advice and contract administration services to other engineering firms throughout the United States. The company has solid profit margins and stable revenues - with major long-standing affiliations across the country. The seller's facilities come with flexible lease terms or a property purchase is available*.
The company enjoys a competitive advantage through a highly skilled staff that provides unique and respected expert consultation services to the engineering community - major cities, government agencies, contractors and consulting firms. In addition, the firm has professional licensing in over 15 states and Washington DC which allows them to handle the most unusual of projects. The business is currently classified as a ''woman owned business'' and therefore qualifies to bid on certain projects. This classification currently represents about 50% of the firm's revenue from bids.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.9x EBITDA (ttm). A complete report is included in the prospectus. There is $50K A/P to be assumed offset by $250K in current A/R. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner operator will obtain $180k in after-debt cash flow. Moreover, there is tremendous upside revenue potential with an aggressive marketing effort by a new owner
A comfortable six months transition period will be provided by an owner who truly wants to retire and who wants to see his business continuing to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business. (ALL DATA BASED ON SIGNED TAX RETURNS)
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