Consulting Engineering Company For Sale
Price: $1,200,000
Annual Revenue: $1,200,000
Net Cash Flow: $550,000
Industry: Engineering
Location: New Haven County, Connecticut
This prominent Civil Engineering – Land Surveying Company headquartered in New Haven County is on track to deliver $1.3 million in Revenue in 2023. It has over 40 years of Land Records for New Haven, New London, and Surrounding Counties and offers Civil Engineering, Environmental Engineering, Landscape Architecture, and Land Surveying.
The company operates with a highly skilled and well-respected staff consisting of approximately 8 employees plus the principal owner.
Commercial Real Estate is partially owner-occupied and partly rented and is available for sale as a separate transaction. The estimated fair market value of Real Estate is $150,000. Also included in the sale is industry specific equipment and vehicles.
CT State Ownership: Ownership restrictions per State of Connecticut Professional Organizations = Principal Owner needs to be a Licensed PE and or Licensed Surveyor in the State of Connecticut. (Subject to attorney verification).
The owner is willing to entertain Long Term Transition for a Qualified Buyer
Listing Details
FFE: $75,000 (Included in Price)
Reason For Sale:
Retirement
Training & Support:
Several Partners have reached retirement age, as a result, senior partners are looking to exit in a relatively short period of time while offering an orderly transition of the business. Junior partners are open to an orderly transition and possibly longer-term employment – TBD – based on Seller’s and Buyer’s Preferences.
Operation
Employees: 8
Summary
Financing/Terms:
SBA Pre-Approved with 20% down; Some Seller Financing TBD based on Buyer’s Qualifications.