Contract Engineering Firm with Niche in Grant Submissions
No bidding, only municipal clients suffering natural disaster!
Civil Engineering Firm with a carve out for Municipal clients suffering natural disasters such as flood or drought. This Firm does NOT submit bids to gain or win work; rather they have a niche in grant writing! They primarily serve the Central Valley of California, including clients in Kern County, Modesto, and Stockton. With a spacious 2,600 square foot office space, they have the necessary resources to accommodate their operations effectively. They work closely with cities, counties, and special districts to provide expertise in various aspects of engineering related to water and wastewater systems. This includes designing, planning, and implementing infrastructure projects such as water treatment plants, sewage systems, stormwater management, and other related facilities. Their team of 11 consists of 2 Licensed Engineers, 5 non-Licenses Engineers, and 4 in administration. The current owner has decided to sell the firm in order to plan for retirement. The current owners’ responsibilities include general oversight with limited direct interactions with clients. As part of the transition process, he is willing to provide a training period of 1-2 years to ensure a smooth handover of operations. This will allow the new owners to familiarize themselves with the business operations, client base, and ongoing projects. In addition to the 1–2-year training period, the seller has offered to carry 20% of the purchase price via seller financing and an equity roll.
Priced at $5,350,000, this business is primed and ready for a new owner to step in and enjoy a reputation that has been built over the last 10 years. A 10% down payment of $535,000 returns $746,718 in the first year after debt payments! A 139% return on investment! The current owner provides light oversight, handling hiring processes, and managing invoicing. These responsibilities can be absorbed by the existing staff or delegated to new hires as the business transitions to new ownership. One of the growth opportunities lies in outsourcing the grant writing. With an increasing demand for infrastructure development and maintenance, there is significant potential for expansion in their area.
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Print, sign and send to:210 N 78th St. 2nd Floor
Omaha, NE 68114
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