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Civil Engineering Firm with Caltrans Contracts

Tustin, CA (Orange County) (Relocatable)

Civil Engineering Firm with Caltrans Contracts
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Asking Price: $379,000

Cash Flow: $172,368

Gross Revenue: $727,531

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Real Estate: N/A

Established: 1984

Civil Engineering Firm with Caltrans Contracts

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Business Description

California has the largest budget for highways construction and maintenance in the US! And this 35 year-long Caltrans highway operations civil engineer has a reputation within the industry that is irrefutable.

In addition, with revenues from SB 1, also known as the California "gas tax", the next decade will see $56 billion in budget allocations to Caltrans and local authorities, slated for infrastructure, roads and public transit across the state.

The firm has diversified profit segmentations and provides services and management of operations in:
-Soil and concrete testing in their outfitted and onsite lab
-Engineering design
-Construction management, and
-Conducting Caltrans-certified training for highway construction, inspection and materials testing.

Survey jobs and projects are a service sector which have been under pursued and have great opportunity as an additional revenue stream.

A licensed professional engineer (PE) is preferable, yet not required. What is necessary is that new ownership have sound experience in management of civil engineering services and highway business operations in order to successfully continue the firm's 35 year-long trajectory of public sector projects contract awards.

The firm would compliment an existing in- or out-of-state civil engineering firm as a robust add-on, with focus on capturing a lucrative piece of the California large infrastructure market.

Under helmsmanship of right-fit new ownership, the firm offers a strong foundation for continuation of success and growth into future years:
-Fully outfitted and improved, stable leasehold in place
-Testing lab certifications
-Longevity within the industry
-Stellar reputation
-Solid industry relationships
-Necessary and extensive equipment
-Training know-how to meet strict agency specifications

A good prospect for integration into ownership of this firm is DBE qualified, as defined by the US Department of Transportation. The CA market for large infrastructure services is primed and ready for qualified vendors with a high rating score, which the firm has longstanding history of providing. The firm's books and records are clean and transparent. Operations are organized; margins have strength year-after-year. Overhead is low.

2017 Revenues: $1,022,489
2017 Seller Discretionary Earnings: $208,491
2016 Revenues: $1,041.673
2016 Seller Discretionary Earnings: $221,454

Founder / Owner is retiring from the profession and is motivated to transfer ownership of his legacy firm.

Detailed Information

Location:
Tustin, CA
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
3,600
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seller owns 3,600 SF fully outfitted/furnished industrial condo which can be leased back by a new owner for a three to five year term at $5,670/mo.
Growth & Expansion:
Under helmsmanship of right-fit new ownership, the firm offers a strong foundation for continuation of success and growth into future years: -Fully outfitted, stable leasehold in place -Testing lab certifications -Longevity within the industry -Stellar reputation -Solid industry relationships -Necessary equipment to provide all operational functions -Training know-how to meet strict agency specifications
Support & Training:
Seller is committed to providing adequate training and transition to a new owner to ensure continued success.
Reason for Selling:
Seller is retiring from the profession.
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Margot Murphy

Business Listed By:
Margot Murphy

Sage Advisory Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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