Structural Engineering Firm

Business Description

For sale is a 12-year-old structural engineering firm based in Arizona. The business offers structural engineering, structural inspections, drafting, design, consulting, engineering, architectural design and drafting, and post-tension foundation design and drawings.

They dominate the local market with no competitors in the area, offering their range of services and fast turnaround times. There has been an uptrend of revenue growth, and the business has hundreds of recurring and referral-based customers.

The business has 4 salary-based full-time staff (not including the owner) and the owner is confident they will stay with the business post-sale. The owner is open to staying with the business up to two years as a structural engineer and can also be the engineer of record if the buyer desires.

The owner intends to hire a new engineer licensed in Arizona to be the Engineer of Record for the business. The cost for a professional engineer is approximately $120k. In addition, the owner believes that hiring a new drafter for $40-$60k would also bring in approximately $100k to the bottom line.

It would benefit a new owner to have structural engineering and residential/commercial construction knowledge, but it is not necessary.

 

2020 2021 2022 2023
Revenue $628,338 $944,977 $1,052,425 $1,071,330
SDE $440,908 $703,356 $733,932 $622,081

 

Financial Overview

Asking Price: $1,800,000

Revenue: $1,071,330

Income: $622,081

Multiple: 2.9x

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