Construction Inspection & Testing – Sold
Price: $1,500,000
Annual Revenue: $6,425,000
Net Cash Flow: $550,000
Industry: Construction
Location: Bronx, New York
This business has been sold. Please view our other Construction Businesses for sale.
Contact us if you would like to sell a Building Inspection and Materials Testing Business in New York or anywhere in the Eastern US.
Leading Construction Testing and Inspection Firm. This prominent company is one of the few that offers all 3 types of inspections: Materials, Non-Destructive, and “Special.” Materials: Concrete and masonry both field and lab, rebar, footings, fireproofing, soils, and structural steel. Non-Destructive: Radiography, ultrasonic, magnetic particle, and liquid dye penetrant. Special Inspections meet specific state as well as national standards. The full complement of management will remain in place with new ownership.
Ownership: Ownership is 100% absentee – Executive Management will assure a smooth transition and remain as long as reasonably needed. Executive Management is ready for retirement.
Real Estate: Current appraised value of owned Real Estate is approximately $2,750,000.
FFE: Office space, testing equipment, and labs, Vehicles – Fair market value $500,000.
Growth Opportunity: Company is positioned for new owners to expand the business; current management has been hiring key staff to promote growth – after restructuring the organization last year.
Professional Staff: Company Structure includes President; Controller – who is promotable to President; and General Management Team. The staff consists of ~50 people, 20% in Administration Roles; 80% in Technical Roles.
Clients: The Company provides inspection services to the commercial and residential construction market. By code, clients are the building owners, but most interaction is between contractors, architects, engineers, and the Company. Clients retain the firm to test all aspects of the building structure as it is being commissioned and built.