Looking for a buyer.
This Chicago-based engineering firm offers diverse and niche services, specializing in civil engineering and surveying###-###-#### is set up to be one of their most profitable years yet, with nearly $2M on the books already ($1.6M work in progress, $300K pipeline). Built with a strong sense of community over 60 years ago, this second-generation company has a reputation for providing diverse and dynamic designs. They are equipped to work with both public and private clientele, comprised of government & municipal (75%), education (8%), contractors (9%), and private companies (8%). Due to the excellent team that will remain in place, there is no engineering licensing needed by the future owner. When taking into account the reputation, team, diverse services, and longevity, this Chicago based engineering firm is a great opportunity for any new owner! There are 11 total employees on staff, outside of the owners. This includes 3 engineers, 1 surveyor, 1 CADD manager, 3 survey team members, and 3 administrative assistants. Their team boasts impressive credentials and experience beyond many of their competitors. These qualifications, along with the firm’s long-established reputation in local governments and municipalities give the firm a strong competitive advantage when bidding on projects. The existing team is set up to continue operating after the current owners leave. However, the sellers are also open to staying on as strategic partners and helping the new owner grow the business in the years to come. An ongoing salary of $150K/year was accounted for in the cash flow to either keep the sellers on board or to bring on new engineers to continue growth! At a price of $1,200,000 and a down payment of $120,000, a buyer would receive $120,040 after debt payments, a 100% return on investment!
Chicago, IL, USA
Chicago, IL, USA
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