Specialized Engineering Seeks Consulting Engineer Buyer! (17622)

ConstructionFor Sale in AZ

Listing ID: Specialized Engineering Seeks Consulting Engineer Buyer! (17622) | Broker Listing ID: BLP763029

Financial & Assets Details

Revenues: $560,000

Cash Flow: $200,000

FF&E: $256,758

Inventory Inc. in Price: Yes

Square Feet: 2,100+/-

About the Business

Year Established: 1996

Employees: 7 nonunion.

Seller Financing: Yes

Business Description

Located in highly desirable Arizona, this long-standing electrical and lighting design engineering company works with government entities, commercial building contractors, construction companies, and large corporate accounts. The majority of revenues come from repeat business and strategic marketing via recurring open ended contracts with local government entities. This business requires the buyer to be a Registered Consulting Engineer. Ideally, the buyer would be Registered Communications Distribution Designer (RCDD) Bicsi Certified and involved with Electrical System Designs to take this business to the next level. With a proven track record, they stay ahead of new technologies, and changing trends in the fast-moving world of this specialized engineering sector. They also provide consulting services to customers in regards to improvements, compliance, and safety regulations. By providing consulting services, the company maintains an even higher presence in the market, sought after by name. While the current owner is looking to release some of the management duties, they are recognized as an innovative certified engineer and look forward to working with the new ownership to take the business to a whole new level; a standard transition would also be agreeable if desired. The business can be ramped up quickly if the new ownership brings additional certified engineer(s) to the table. In addition to seeing the business flourish, the owner is looking to sell for more time with the family. In 2019, the company’s total revenue was $523,961, with Seller’s Discretionary Earnings around $200,000. 2020 exceeded 2019 numbers and sales for 2021 were roughly $560,000. The ownership believes that its high caliber reputation, niche service, operational capabilities, and diversity in the marketplace has contributed to their continued success. There are many opportunities presented for continued growth with minimal capital infusion. Contact IAG today, for more details on this great opportunity!