Surveying Firm, Nets $260,000

Tucson, AZ

Seller Financing Available

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Asking Price:$459,000
Gross Revenue:$602,000
Rent:$2,200/Month
FF&E:$70,000
Cash Flow:$260,000
Inventory:$2,000
EBITDA:$260,000
Established Year:2003
BUSINESS DESCRIPTION

IMPORTANT: Please read the entire Business Summary. Especially the last 2 paragraphs, which detail how to obtain additional information and the SBA financing requirements.

This 21-year-old Firm has a stellar reputation in the Tucson marketplace. A summary of the Firm’s current composition of clients and revenues is:

• boundary and land surveys 45%,
• municipalities 20%,
• engineering firms 25%, and
• businesses and realtors (for other projects) 10%, who are referred to this Firm.

The financial information seen above reflects the 12 months trailing results through August 31, 2024.

The Company's financial results have been steady for a number of years. This is due to the owner’s age and his desire to maintain a balanced/enjoyable lifestyle. This allows him approximately 12 weeks of vacation time per year.

STAFFING: There are 3 surveyors employed at the Firm. The owner is responsible for all the administrative tasks, as well as performing some of the surveys.

This Business is being represented by a Licensed Real Estate Broker in the State of Arizona, License # BR009292000.

The Broker has received notification from a “PLP” SBA Lender that this transaction is SBA financeable. The criteria for such SBA financing are 1) the Buyer’s liquidity of over $200,000.00, 2) $100,000.00 for a cash down payment (this will provide additional SBA funding for Accounts Receivable needs) 3) good credit, 4) ownership or “upper-level management experience in similar firm, as well as 5) an Arizona Registered Land Surveyor License or show the ability to obtain such, prior to a Loan Package being submitted to underwriting.

Because of the Confidentiality surrounding the sale of this Firm: Potential Buyers will be asked to meet at the Broker's office to sign a Confidentiality Agreement and 1) provide proof of funds (complying with the SBA’s criteria, as detailed above), and 2) have an Arizona Registered Land Surveyor License issued by the Arizona Board of Technical Registration (AZBTR), or show the ability to obtain such, before receiving additional information.


DETAILED INFORMATION
Location
Tucson, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1,200 square feet office building, located in one of Tucson’s easily accessible areas with reasonable rent. Property is a single-tenant property owned by the Firm’s Principal.
Financing
Seller financing based on buyer's financial strength.
Support & Training
The seller understands the importance of assisting the Buyer in a smooth transition and will be available to assist in the operation of the Firm and maintaining client relationships.
Reason for Selling
Retirement
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Michael
C. Abbinante
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Michael C. Abbinante