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BUSINESS FOR SALE - PROFILE #  41720057

Well Established Engineering Firm in Coastal NC
Coastal North Carolina

Asking Price: $1,500,000   Down Payment: $280,000  
Gross Revenue: $1,479,027   Adj. Cash Flow*: $547,475  
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Executive Summary
This successful design and engineering firm was established in 1985. A highly profitable company that has many attributes which have defined it's success over many years. They are licensed in 16 states in the eastern part of the country. The firm specializes in heating and air conditioning, electrical, plumbing, and industrial design and energy studies. The firm provides highly specialized services to housing authorities by calculating tenant's electrical, natural gas, water and sewer bills. The closest competitor offering these services is located in Knoxville Tennessee, almost 500 miles away. The firm has diversified in the following ways to ensure continued growth through the past 25 years:  Housing Authority energy studies, utility allowances and design work for new dwellings and renovations.

· Nursing homes and assisted living facilities. They have designed over 150 facilities to date.

· Shopping centers and full designs of a major grocery store chain.

· Office buildings and other similar projects.

· High rise condos and apartment buildings

· Heavy industrial and commercial projects.· Medical facilities, including doctor's offices and surgical centers. The firm has a high profile in the Medical field and the Housing Authority community. They attend many Housing Authority conventions and as a result, they have a good working relationship with over 60 Housing Authorities.The firm has been preapproved for a SBA loan by Wells Fargo Bank. This is an excellent opportunity to purchase a well established and profitable engineering firm. The owner is committed to remaining with the firm for an agreed period following the sale to ensure a smooth transition.

Acquisition Highlights

  • The firm provides highly specialized services to housing authorities by calculating tenant’s electrical, natural gas, water and sewer bills. The closest competitor offering this services is located in Knoxville Tennessee, almost 500 miles away. The firm has a high profile in the Housing Authority community. They attend many Housing Authority conventions and as a result, they have a good working relationship with over 60 Housing Authorities in North and South Carolina.
  • The staff includes an engineer, two designers, two senior techs, and an office manager. All are full time except one tech. Subcontractors are used when needed.
  • Excellent earnings history
  • The company was established in 1985
  • Financing Information:  SBA Loan in Place
  • Training Information:  Unlimited
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1985 Inventory: $2,000 Included
Employees: 7 FT, 1 Mgrs Furniture, Fixtures & Equipment: $85,000 Included
Lease/Rent: $4,500 Real Estate:
Building Sq Ft: 3,900
    Total Assets Included in Sale: $87,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ken Puryear
Phone:  (910) 270-2927
Fax:  (910) 270-2928
Other:  (910) 620-1740
E-mail:  ken@vrwil.com
VR Business Brokers - Hampstead, NC
221 Hampstead Village
Hampstead, NC 28423
www.vrwil.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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