Engineering Service firm in the heart of construction boom

Hays County, TX

Engineering Services
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Asking Price: $500,000

Cash Flow: $170,342

Gross Revenue: $540,000

EBITDA: N/A

FF&E: $16,000

Inventory: N/A

Rent: $1,350 /Month

Established: 2016

Engineering Service firm in the heart of construction boom

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Business Description

Cash in on Development on the I-35 Corridor from Austin to San Antonio

This engineering service company works on projects with architects, developers, contractors, businesses and other engineering firms to bring about the best results for the clients in regards to maximizing use of space and cost efficiency.
Revenues in 2018 were $540k and projected to be over $700k in 2019.

The ideal company to acquire this opportunity would be a larger regional engineering firm that is looking to expand into the Central Texas area or a local firm that is looking for a satellite office to take on more work in the booming corridor from Austin to San Antonio. This business is ideally located with close proximity to the clients and short commute for its dedicated employees.

Seller is willing to stay on for a few months as negotiated. Final price to be adjusted to take into account 'Work in Progress' and a percentage to the Seller for projects awarded but not started.

Detailed Information

Real Estate:
Leased
Building SF:
840
Lease Expiration:
4/1/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office space with parking
Competition:
Central Texas is undergoing a construction and development boom and a great location for a major firm to have a presence with this satellite office.
Growth & Expansion:
2019 Projected sales to increase by over 50% from the previous year.
Support & Training:
To be negotiated
Reason for Selling:
Other ventures
Business Website:
http://abbtx.com/listing/19125
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(from currently available funds)
 
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Sunil Z. Verma

Business Listed By:
Sunil Z. Verma

Austin Business Brokers

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