Highly Profitable Engineering Firm with Long History (📍Ireland)

Business Description

This company has been operating successfully for over 30 years and has recently entered a new, larger phase of its business with ongoing and new projects already booked for 2024 and beyond. Ireland is in the midst of an economic boom and this company is well-positioned to take full advantage over the next decade.

This business is an engineering company based in Ireland that specializes in serving the construction, energy, and wastewater sectors. They likely offer a range of engineering services and solutions tailored to the needs of these industries in Ireland. These services may include precision machining, steel fabrication, equipment manufacturing, or technology solutions designed to enhance efficiency and productivity within the construction, energy, and wastewater sectors. As a company focused on these areas, this business plays a crucial role in supporting infrastructure development, sustainable energy initiatives, and wastewater management in Ireland.

Facilities:

This business, based Ireland, operates within an expansive environment. With a sprawling 70,000 square feet of owned facilities, the company has demonstrated remarkable growth, having significantly expanded its footprint with major extensions since 2021, almost doubling its area. In 2023, the business further solidified its commitment to innovation and excellence by renovating and expanding its offices, adding an additional 35,000 square feet of space to facilitate its operations.

In a testament to their growth trajectory, the company also opened a second facility in 2022, similarly boasting 35,000 square feet. This substantial investment in infrastructure reflects the business’s dedication to delivering cutting-edge steel fabrication solutions while accommodating its expanding capabilities in the heart of Ireland.

Reason for Selling:  The owner is retiring.

2020 2021 2022 2023
Revenue  € 2,508,198  € 2,994,508  € 3,323,544  € 7,125,792
Earnings  € 106,469  € 838,100  € 816,933  € 4,419,847

*Please note the business is located in Ireland and all financials are reported in Euro.

 

Financial Overview

Asking Price: €6,800,000

Revenue: €7,125,792

Income: €4,419,847

Multiple: 1.53x

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