Professional Engineering Firm

Charlotte, NC (Mecklenburg County)

New Construction
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Asking Price: Get Financing: $1,200,000

Cash Flow: $358,000

Gross Revenue: $1,182,000

EBITDA: $192,000

FF&E: $282,000

Inventory: N/A

Real Estate: $300,000*

Established: N/A

*not included in asking price.

Professional Engineering Firm

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Business Description

For more than 20 years, this firm has provided professional engineering services and materials testing to clients in the land development and construction industries to mitigate development risks and assure quality construction. Services include environmental assessment, geotechnical engineering, construction inspection, construction (quality assurance) materials testing, and construction monitoring. Revenue sources are driven by home construction, bridge repair, sewer repair, road repair, new commercial development, industrial projects, and general water/ sewer/road infrastructure expansion. The firm has enjoyed a 20+ year history with only four professional liability claims, all of which were retracted (1), dismissed (1), or settled at mediation (2), resulting in a strong reputation. The firm has enjoyed the same leadership during its history and is positioned for significant growth with a new owner. New owner must be licensed to practice engineering in North Carolina and South Carolina.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,200
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease terms with 2,200 sf office owner to be negotiated.
Competition:
Charlotte, North Carolina continues to rank among the fastest-growing cities in the United States, with 60 people per day moving to the Queen City. Its desirable weather offers a year-round development and construction market for professional engineering services. The firm also diversified its services to reach beyond Charlotte during local construction downturns .
Growth & Expansion:
The current robust construction market in Charlotte, and nationally, presents significant growth potential for this small firm with the right new leadership. Currently, the project opportunities far exceed current staffing capacity.
Financing:
Owner will assist in securing SBA loan.
Support & Training:
Current owner will provide new owner up to 1-year of transition training.
Reason for Selling:
Retirement of Owner
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Business Listed By:
John

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