Annual Revenue: $2,557,000
Net Cash Flow: $830,000
Location: New Jersey
This Structural Engineering Business was established in 1990s and has built an excellent reputation for delivering diverse, comprehensive, complex infrastructure projects for architectural designs in New Jersey and New York. The company’s stance promotes an all-encompassing and diverse strategy toward project development, engaging all parties involved. Doing so guarantees tailored and fitting solutions that cater specifically to the clients’ requirements.
The company’s expertise:
- Building and Foundation Structural Design,
- Structural Integrity Inspection,
- Constructability Review,
- Construction Inspection and Observation,
- Building Investigation,
- Building Code Compliance Assessment,
- Contractor Bid Review,
- Field Investigation,
- Rehabilitation and Renovation Projects,
- Value Engineering, and
- Expert Testimony.
The company was launched with 4 people and currently employs 16 full-time people including the 3 principals who possess more than a hundred years of combined national and international experience in structural design and project management.
The company serves architects and developers and offers structural design and building code services for secondary and higher education, correctional facilities, specialized structures, and commercial, institutional, government, and private clients. Its services are grounded in decades of experience collaborating with municipalities, government agencies, schools, multinational companies, and industrial entities nationwide.
The company has demonstrated the capability to work in CAD and Revit and is familiar with common software packages like ETABS, SAFE, RAM, STAAD, Structurepoint PCA, etc.
With a client base consisting of over 80% repeat or partnering clients, the company’s clients have experienced the added value it brings to their capital programs.
Reason For Sale:
To expand the company requires a larger firm to enable employees to undertake a greater volume of work and enhance profitability.
Training & Support:
The current principals are willing to partake in a transition process that will ensure minimal impact on business operations. One principal will stay on and work 24 hours weekly while the other 2 are prepared to stay on full-time for as long as a new owner requires.
The company’s reputation and track record demonstrated by successful projects, client satisfaction, and industry recognition differentiates it from its competitors in the areas in which it operates.
The company currently doesn’t offer e.g., civil, or environmental engineering services. A buyer that can offer these and other services will increase its revenue by including the company services to existing and new clients.