Engineering Firm - Building Safety & Code Compliance

New York

Cash Flow:	$2,508,895
Rent:	$7,066/Month

Gross Revenue:	$3,739,072
FF&E:	$50,000

Listing ID: 2243886Listing provided by BizBuySell

BUSINESS DESCRIPTION

Desirable acquisition target…a professional engineering consulting firm in the northeast United States. This engineering firm evaluates building systems for safety and efficiency. Skilled engineers & architects design, specify repairs and improvements, inspect buildings and structures to ensure they continue to meet ever-changing building codes. The business has secured long-term client relationships through their commitment to top-quality work, client service and public safety. There is a tenured and highly skilled management team in place. This allows new leadership to focus on maintaining or increasing the current double-digit growth. Currently, new project requests exceed the firm's bandwidth to complete the projects on a timely basis; they are turning away projects. Initiating an advertising and professional networking program, adding additional engineers & architects, and focused leadership are the keys to controlled and responsible growth to an already booming business. This is neither an offer nor a solicitation to sell securities. Real Estate Brokerage License on file. For more information, please contact Gateway Mergers & Acquisitions.

DETAILED INFORMATION

Location

Relocatable

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

1,200

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Prior to the pandemic the business was housed in a leased, fully furnished flex-space with shared amenities. This arrangement allowed for great flexibility providing access to conference rooms and private offices as needed. The pandemic shifted the workforce to a work-from-home model. A new owner will relocate the firm to their offices, maintain the current work-from-home business model, or return to the leased, flex- space model.

Competition

This niche professional service business is enjoying double digit growth without any marketing efforts. New leadership, with a focus on advertising and networking, should be able to increase the current revenues exponentially. The firm's sterling reputation, track record of on-time project completion and client satisfaction set this firm apart from other firms in the industry.

Growth & Expansion

Current annual sales growth is 17%+. The firm doesn't currently offer civil, environmental, or mechanical engineering services. Purchaser can offer these services, and additional services, to current and new clients to build upon the current double digit growth. Initiating an advertising and professional networking program, adding additional engineers & architects, and focused leadership are the keys to controlled and responsible growth to an already booming business.

Support & Training

Current owner is committed to a smooth transition to new ownership. Training and transition period will be negotiated as part of the purchase. Length and scope of the training & transition period will be determined by purchaser's experience in the industry.

Reason for Selling

Retirement

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Gateway Mergers & Acquisitions