Geotechnical & Soil Testing Company
Florida
| Asking Price: | $295,000 |
| Gross Revenue: | $298,530 |
| FF&E: | $106,995 |
| Cash Flow: | $108,029 |
| Inventory: | $100 |
| Established Year: | 1998 |
Listing ID: 2174922Listing provided by BizBuySell
BUSINESS DESCRIPTION
Established 26 Years Soil Testing Company in North Florida Growth Area!
Price Reduced at this North Florida Engineering & Soil Testing Company. This business has provided civil engineering evaluations & soil testing, geotechnical studies, and construction testing activities on over 5,600 projects in the past 25 years. Services include subsurface explorations & evaluations for commercial/residential properties environmental studies & construction materials testing. Everything is in place. Turn key deal for a qualified PE buyer. The seller will agree to remain for up to one year with the new Owner. $50K Owner financing for qualified buyer.
DETAILED INFORMATION
Location
Florida
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,300
Lease Expiration
30/06/2024
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This company is strategically located in North Florida with offices well suited for this type of engineering service with easy access to major highways. Testing Equipment and heavy equipment used in soil drilling are stored on-site. The Seller leases his location and relations with the landlord are very favorable.
Competition
This company is the “go-to” firm for some of the biggest projects in the region requiring expert engineering analysis for foundation design to the smallest evaluations for residential work. They work with most major consulting, contracting, and institutional entities in North Florida and South Georgia. Some of their regular customers include structural and civil engineers, architects, large and small contractors, developers, local government, and private owners.
Growth & Expansion
There are several sectors in this local/regional marketplace that offer substantial potential for growth. Continuing contracts with the City and County where this business is located are awarded every three years and these awards are rapidly approaching. Although the company regularly performs geotechnical engineering work on such projects through prime civil engineering consultants, it would be a fairly easy task to secure work directly with the City and County.
Financing
$245K down/$50K over 48 mos. @ 7%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Seek other opportunities unrelated to this company.
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