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Full-Service Florida Civil Engineering and Land Surveying Firm

With a 35% avg. profit margin and nearly 70 years in business!

CASH FLOW
$808,194

Specifications

  • Price
    $3,250,000

  • Revenue
    $2,305,288

  • Cash Flow
    $808,194

  • Location
    Pinellas County, Florida

  • Employees
    23 FT | Engineers, Survey Field Crew, CAD Technicians, Designers, Office Manager

  • Profit Margin
    35%

With a 35% average profit margin and nearly 70 years in business, this Pinellas County, FL full-service civil engineering and land surveying firm is a perfect acquisition opportunity! The firm presently splits focus between private (70% of total work) and municipal work (30%). Residential surveying, commercial surveying, and civil engineering work include past projects such as a local marine aquarium, marinas, chain restaurants, local parks and recreation facilities, MLB spring training facilities, and fire stations, all throughout the greater Tampa Bay Area. Design work for projects is done through the CAD technology.

 

Other personnel on staff include 4 degreed engineers, 3 licensed land surveyors, 6 land surveying crew personnel, 2 survey CAD technicians, 3 CAD designers, 1 certified planner, and 1 biologist, with some additional office staff. The firm currently has 3 owners (with equity at 38%, 38%, and 24%). One of the principal owners focuses on maintaining with the firm’s municipal sector leads and contacts, ensuring that work in the field remains solid—this owner is looking to retire. The other principal owner works closely with all other clients and assists in project oversight—this owner is looking to explore other business interests. The minority owner is the head engineer on staff. As little marketing is currently done, expanding this area will surely bring in more clients, and hiring more personnel would allow for the service area to expand outside of the greater Tampa Bay Area.

 

Priced at $3,250,000, a 12.5% down payment of $406,250 returns $392,574 in the first year after debt payments. This is not an opportunity to miss, and is one that is guaranteed to have consistent and excellent services. 

Business Highlights

Year Established: 1954; under current ownership since 2006

Location: Pinellas County, Florida

Service Area: Greater Tampa Bay Area

Services: Full-service civil engineering (60%) and land surveying (40%)

Clients: Private and Municipal Entities

Lease: $5,500/month for 2,500 sq ft.

Reason for Selling: Pursuing other business interests

Personnel: 23 FT | Engineers, Survey Field Crew, CAD Technicians, Designers, Office Manager

Seller Training Period: As needed for buyer

Growth Opportunities: Expand marketing and service area throughout Florida, hire more staff to increase output

Current Owners’ Responsibilities: Owner 1: Marketing & Client Services | Owner 2: Engineering & Surveying | Owner 3: Engineering & Production Manager

Cash Flow Analysis

Description of Financial StatementP&L Statement
Jan-July 2021
Tax ReturnTax ReturnTax ReturnNotes
2021202020192018
GROSS SALES$1,338,019$2,377,668$2,244,451$1,901,537
Net Income Shown on Financial Statement$366,574$708,879$455,017$233,981
ADDBACKS
Compensation to Owner$209,069$338,155$328,117$240,000
11% Tax on total W2 Salaries$22,998$37,197$36,093$26,400
Depreciation$0$0$78,916$98,290
Interest$4,481$14,855$8,650$9,159
Auto-Personal Use$6,962$30,135$36,503$30,020
Fuel/Gas Expense$13,044$0$0$0
Meals & Entertainment$3,151$17,643$0$4,427
Cell Phone$2,100$3,600$3,600$3,600
Owner Replacement$-145,833$-250,000$-250,000$-250,000
Gifts$0$0$0$1,540
TOTAL ADDBACKS$115,972$191,585$241,879$163,436
Seller's Cash Flow = Total Addbacks + Net Income$482,546$900,464$696,896$397,417
Profit Margin36.06 %37.87 %31.05 %20.90 %
Cash Flow Analysis

Financial Highlights

Valuation

Funding Example

Purchase Price:

$3,250,000

$
%
OR
$
%
OR
$
Years
%

Bank Loan Needed: $

Years
%
$
$
$
$
$

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:
2019-2021 3-Yr Avg
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2019-2021 3-Yr Avg
$
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 is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.