Engineering in OKC with 3 Licensed Professionals

This structural engineering firm based in OKC has been able to maintain 90% repeat clients with 3 licensed engineers. This combined with their 2021 profit margin of 49% and the fact that 2022 has been seeing a higher revenue than 2021 and is annualized to show that they are on the track to even beating their 2020 revenue should explain why current ownership has such faith in the business’s continued potential. The team consists of 3 Engineers, 1 CAD technician; 5-6 drafters at contracted firm, and the owner who handles oversight and final approval of plans. Their clients are 100% commercial, with their work including institutional buildings, warehouses, retail shopping centers, schools, gymnasiums, churches, and retirement & nursing homes. With the qualifications that the staff holds, they can offer any service surrounding structural engineering. Seizing the opportunities of the potential growth within the company will not only increase capacity, but also expand the client base. Most of this company’s clients are in Oklahoma (95%), but those companies have multiple locations throughout the United States and due to their long-term relationships, the firm handles work for many of those projects. The company utilizes 2,600 square feet of space in a local office building. There is room within the building for expansion, if desired. Priced at $1,550,000 a 10% down payment of $155,000 returns $250,752 in the first year after debt payments, this a return-on-investment rate of 162%! The current owner has agreed to stay on for two years and carry 20% of the business after purchase to show just how much faith he has in the business and in the new owner’s opportunities to continue and grow.