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Engineering and Development Company

Collin County, TX

Engineering and Development Company
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Asking Price: $1,250,000

Cash Flow: $568,983

Gross Revenue: $1,112,901

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Established: 1995

Engineering and Development Company

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Business Description

This Company is focused on providing Civil Engineering plans to residential and commercial land developers. They are available to clients any time to discuss projects, produce site plans and answer questions when needed. This level of expertise and service has led to lasting client relationships; some for more than 20 years.

Their team consists of a group of highly qualified subcontractors that are all registered Professional Engineers (except for the admin/processing person), each with at least 20 years of experience. Their team and proprietary software allows them to provide engineering plans to their clients much more quickly than their competition, and at a lower price than traditional competitors since their business is home-based.

Many of their competitors are one- to two-person operations and the Company has been able to absorb both client lists and quality subcontractors from them. The quality of their work, and the pride they take in providing top-tier services have allowed the Company to have staying power within the industry, as well as consistently increase profits year after year. This rare gem in the construction and development industry is a must-have for an engineer looking to purchase a successful engineering firm.

Detailed Information

Location:
Collin County, TX
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
N/A Home Based (Home Based)
Competition:
The main competitors facing the Company are small one- to two-person operations. There are dozens of competitors in their industry, however the Company's proprietary software and esteemed staff of subcontractors create a large separation between the quality and speed of services delivered relative to the competition, since their software allows them to deliver plans in a quarter of the time their competition does. The Company also operates out of a virtual office, which allows them to be very agile and adaptable within the market while limiting overhead cost. The Company does work in one of the fastest-growing regions in Texas, which is experiencing six-digit population increases year over year and adding class 6A (largest possible) high schools at a rapid pace. The Company has never needed to actively market itself - the challenge is finding the time and talent to complete all the work they receive.
Growth & Expansion:
The Company has established an outstanding business that develops long-lasting relationships with its customer base, all while putting very little emphasis on marketing or sales. Although customer retention is not an issue, developing a basic marketing strategy and setting up an online presence would complement the existing business model and improve customer acquisition. Other avenues for growth include focusing more attention on hourly work, doing more zoning and entitlement work, and offering planning services. While there are several avenues of growth available, the Company is set up for a new owner to start earning a profit from day one. The various opportunities for growth and the establishment of a marketing strategy would only add to this already profitable business.
Support & Training:
Minimum 30-day training/transition period; a new buyer should have an engineering background, with sufficient knowledge to appropriately price engineering plans to developers.
Reason for Selling:
Pursue other unrelated business
Home-Based:
This business is Home-Based
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Clint Fiore

Business Listed By:
Clint Fiore

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