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Chicago Based Civil Engineering Firm with Diversified Services & $2 Million in 2022 Projects!

No license needed for new owner and excellent engineering team in place!

CASH FLOW
$408,956

Specifications

  • Price
    $1,200,000

  • Revenue
    $2,504,792

  • Cash Flow
    $408,956

  • Multiplier
    3.00

  • Location
    Chicago Metropolitan

  • Lease
    $5,500

This dynamic engineering firm in Northern Illinois specializes in civil engineering and surveying services, but also provides other niche services to clients. They already have nearly $2M on the books for 2022 ($1.6M work in progress, $300K pipeline), which shows a huge increase over previous years.  The firm has over 60 years of history and reputation in the community, and the current, second-generation owner keeps the tradition of excellence alive. They are equipped to work with both public and private clientele. These clients are comprised of government & municipal (75%), education (8%), contractors (9%), and private companies (8%). 

 

There are 11 total employees on staff, outside of the owners. This includes 3 engineers, 1 surveyor, 1 CADD manager, 3 survey team members, and 3 administrative assistants. Their team boasts impressive credentials and experience beyond many of their competitors. These qualifications, along with the firm’s long-established reputation in local governments and municipalities give the firm a strong competitive advantage when bidding on projects.  Because of the strong team in place, a new owner would not need to be a licensed engineer, as the staff on hand already has the necessary licenses.

 

The existing team is set up to continue operating after the current owners leave. However, the sellers are also open to staying on as strategic partners and helping the new owner grow the business in the years to come.  An ongoing salary of $150K/year was accounted for in the cash flow to either keep the sellers on board or to bring on new engineers to continue growth!

 

At a price of $900,000 and a down payment of $112,500, a buyer would receive $174,584 after debt payments, resulting in a 155% return on investment in the first year!

Purchase Price:

$1,200,000

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Bank Loan Needed: $

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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2021 Cash Flow
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 Cash Flow
$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.