For more than 30 years, the Company has solved structural problems involving buildings and other structures impacted by difficult ground and water conditions. It uses a wide range of technologies specifically engineered for each application. It designs and constructs sheeting, shoring, and underpinning for new construction, as well as structurally stabilizes and renovates existing buildings. It also conducts marine projects such as sea-walls, docks, groins and revetments. The Company for sale serves three niche markets (customer groups): Residential Homeowners, Commercial Home Builders and Building Contractors and Commercial/Industrial Property Owners. The Company provides Engineered Construction for: Structural Underpinning & Foundation Repair, Basement Wall & Structural Repairs, Floor Re-Leveling, Drainage Improvements & Basement Waterproofing, Ground Support Systems & Retaining Walls, Soil & Rock Stabilization and Marine Sea-Walls, Piers & Revetments.
The Company has a $2.6 mil niche where clients are obtained almost 100% by referrals. They do very little advertising and relies on the quality of its work to promote the business. The growth of the business has been consciously limited as a matter of choice by the current owner, relative to revenue and geography covered. The firm is capable of greatly increased revenue and profit by a new owner who actively markets the firm's capabilities, and/or increase the firm's geographic footprint. Founded in 1979, the founder still provides added value consultative engineering services to the current owner and would be willing to continue in that role if desired by the new owner. The Buyer may acquire the business only, acquire the business with an option to purchase the property (building and land), or acquire the business and the property. This is a great opportunity for one or more entrepreneurs with the 'right stuff'', or a larger, growth minded Company that wants to be in this kind of business and/or geography.