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South Central Civil Engineering and Surveying Firm Available for Acqui

TX

Seller Financing Available
South Central Civil Engineering and Surveying Firm Available for Acqui
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Asking Price: N/A

Cash Flow: $2,532,548

Gross Revenue: $11,170,007

EBITDA: $2,020,020

FF&E: $1,251,826

Inventory: N/A

Rent: $37,995.57 /Month

Established: 1986

South Central Civil Engineering and Surveying Firm Available for Acqui

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Business Description

The Company is a civil engineering and land surveying firm based in the South Central United States specializing in the residential and commercial land development industry. Established in 1986, the Company offers services from initial planning and feasibility studies through design and construction, and assists its clients in gaining and maintaining compliance with local, state and federal regulations. Engineering and surveying services are provided to home builders, developers, contractors, and municipalities. The Company serves a rapidly growing area of the South Central United States. Historically, the Company has specialized in large projects connected with Municipal Utility District creation and development. These are usually large tracts of land that have developmental lives of from 10 to 25 years. However, the Company has also performed surveying engagements on a regional basis and has performed extensive surveying in the energy fields of the South Central United States. This Company is very well suited to support the continued rapid growth in the South Central United States

Detailed Information

Real Estate:
Leased
Building SF:
10,874
Lease Expiration:
N/A
Employees:
91
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a 10,874 square foot office building owned and leased from the shareholders of the Company. The office building is situated on a total acreage site of just over 2.9 acres and is leased for $38,000 per month..
Competition:
The engineering/surveying industry is a highly fragmented and composed of a significant number of smaller service providers with no one provider dominating the local market. Management has identified up to nine local engineering firms that they regularly compete against. One advantage this Company over most of the local competitors is in-house surveying capabilities. These services are usually provided by standalone surveying firms outside of the engineering company. The in-house capability has allowed the Company to control the timing of its projects and not have to be at the mercy of a third party surveying companies. The advantages of this Company over the competition are as follows; 1) Location - The Company is located in one of the fastest growing metropolitan areas in the United States which is experiencing robust economic growth and consequently high demand for real estate development. 2) Ability to Diversify into Non-Real Estate Markets - The Company has experience and is located in an area that allows it to take advantage of the current shale gas plays. This can be a significant source of revenue that potentially offsets cyclical downturns in the real estate industry. 3) Significant Experience in Dealing with Local Politics - The local municipal governments that have historically been known to be difficult to navigate for land developers. Having years of experience in dealing with the applicable City departments allows the Company an advantage to offer customer/builders over any potential new market competitors.
Growth & Expansion:
Within the State there are five of the fastest growing top ten cities within the United States. The Major Statistical Areas in which the Company competes are expected to grow from 2.4 to 2.7 million people over the next seven to ten years. The MSA in which they are located is expected to grow by over 1.0 million people over the 11 to 13 years . Thus, this Company is well positioned to support the growth of the marketplace for years to come.
Financing:
Seller will finance to lender requirements
Support & Training:
Ownership will provide all the support and training to insure a smooth transition of ownership.
Reason for Selling:
Planning for retirement.
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(from currently available funds)
 
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Rick Swetman

Business Listed By:
Rick Swetman

The Swetman Group

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