Structural Engineering Firm in OKC with 90% Repeat Clients

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. This structural engineering firm is located in OKC and has 90% of their client base made up of repeat customers! 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. 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. This space features private offices, an open work area, and a conference room. There is room within the building for expansion, if desired. Assets include office equipment, standard office furniture, and drafting and technical software. Priced at $1,650,000 a 10% down payment of $165,000 returns $166,160 in the first year after debt payments, this a return-on-investment rate over 100%! This firm offers new ownership multiple tremendous growth opportunities. Expansion may be found in building the local customer base, by finding clients who need an engineering firm with experience working on projects through the US. Additionally, one could maximize the utilization of the sister firm in India to increase capacity and improve the already excellent profit margins.