Professional Land Surveying: Owner to carry 20%

Seller Financing Available

This firm specializes in several key areas of surveying:
Boundary, Design, and Construction Surveying, LiDAR Services
for high-resolution mapping and analysis, and Quality Control
Services to ensure the accuracy and reliability of survey data
and title surveys. Their client base consists of engineering firms,
land developers, and municipalities. For three decades this
business has provided services throughout Central Texas,
focusing on Austin and the surrounding counties. The team
consists of 15 employees, which includes: 2 General Managers,
an Office Manager, a Senior Technical Designer, and various
technicians who carry out fieldwork, data collection, and drone
piloting. Additionally, payroll and accounting functions are
outsourced. There are 7 vehicles included, over $800,000 in
equipment, $244,310 in AR plus deposits. This company is
overcollateralized for the loan! The company operates from a
nice office space of 3,100 square feet. The owner’s
responsibilities include approving surveys performed by technical
staff, providing general oversight of the team, and completing
some administrative. The owner is selling the business as part of
retirement planning and age. To ensure a smooth transition for
the new owner, the seller is willing to stay onboard for a period of
1 year plus carry 20-25% of the purchase price to show their
vested interest in the continued success of the business moving
forward.
Priced at $1,200,000, which is based on a 4-year cash flow
average of $344,026 with a multiple of 3.45. There are several
avenues for growth identified within this business – these areas
include the incorporation of drone technology and Geographic
Information Systems (GIS) as they can enhance surveying
capabilities and efficiency. Expanding into hydrographic
surveying could open new markets related to water bodies.
Hiring a marketing director could improve brand visibility and
attract more clients through targeted marketing strategies. This
business carries the DBE designation, a buyer will need to
qualify for either WBE, DBE, Veteran or something similar.