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Engineering Business for Sale

Redlands, CA (San Bernardino County)

Seller Financing Available
Business Location
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Asking Price: $525,000

Cash Flow: $65,000

Gross Revenue: $239,200

EBITDA: $24,700

FF&E: $26,000

Inventory: N/A

Rent: $3,000 /Month

Established: 1980

Engineering Business for Sale

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Business Description

Civil Engineering and Land Surveying

While the business originally concentrated on land surveying it has evolved into a civil engineering organization with the surveying component playing an important support role. It was founded in 1980 as an asset of DesJardins, Tuttle, Inc. but can be acquired either as a corporation or as an individual small business. Clients are primarily located in the San Bernardino and Riverside County areas but projects have been (or are being) conducted throughout Southern California. The bulk of the workload is through repeat clients or businesses including large corporations, developers, contractors, local Indian tribes, and so forth. Because of this working relationship, the principal of the organization, a Registered Civil Engineer, will remain in place for a period of two years for reasonable compensation. This will provide excellent transition for an aspiring engineering firm.

Detailed Information

Location:
Redlands, CA
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
1/1/2028
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is based in a commercial area about 1.5 miles West of the center of Redlands, CA and about 2000 feet from an on-off ramp of Interstate 10. It is located in a 12 year old, 4000 sf building of which the Engineering business occupies about 3000 sf. The occupied area also provides a conference room and a small food preparation room for employee use. The firm also has a field vehicle, computers, a plotter, related engineering programs (Home Based)
Competition:
There are a modest number of engineering firms located in this area, almost all of which we maintain a good working relationship. There is more that enough work available to keep us all busy.
Growth & Expansion:
Pros: The business location, and the surrounding area, a is ideal for expansion. Modernization of the surveying aspects of the industry would be extremely profitable.
Financing:
0
Support & Training:
Buyer will be provided 2000 sf of the existing building rent free for 2 years. All furnishing and engineering equipment, less personal items, will be part of the sale.
Reason for Selling:
Working retirement
Home-Based:
This business is Home-Based
Business Website:
http://tuttleengineering.com
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Business Listed By:
Warren Tuttle

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