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Reputable Consulting Engineering Firm
Location: United States -> Kentucky
Industry: Business Services > Other Services




Business Summary

A fast growing, high margin consulting firm providing an array of diverse engineering services is now for sale.
- The company provides Geotechnical Engineering, Geotechnical Drilling, GeoStructural Engineering, Environmental Engineering, Firestop and Special Inspections
- The company provides services in KY, IN, OH, WV, TN and MO
- Clients consist of national corporations, municipalities, educational institutions, State work, private developers, architects, engineers, energy sector
- 70% of revenue is single sourced!
- Each year, the firm has experienced a 30% growth in revenue and personnel since conception, year over year.
- 2021 was a record year for total sales, hiring 5 new staff and purchasing 5 vehicles
The firm is an 8 year-old company. There have not been any younger firms offering this service in Kentucky since their conception. They are 70% single sourced and turn down alot of work on bidding opportunities, which presents a huge opportunity for future growth. There is not another geotechnical firm in the area.

There are a few strategies for growth a new owner could employ. While the business has worked across a large geographical area, territory expansion is the most obvious path to grow the business. One way to achieve that is a more aggressive and focused regional marketing campaign than the firm currently employs. The current owner has some success in finding regional partners who can handle the practical analysis, while the administrative work is handled out of the main office location. Most importantly, to each of these ideas is that the labor force is there to accommodate whatever approach is chosen:

- 70% singled sourced rate in which their clients would gladly entertain them providing additional services, such as site civil or structural. This additional income would easily double the total revenue.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,399,940
Cash Flow:   $818,267
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $395,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  other interests

Photos

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Reputable Consulting Engineering Firm Photo 1




Print Listing Id: 700363937
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Also See: Franchise Opportunities > Franchise Resales > Kentucky Businesses For Sale > Kentucky Franchises For Sale > Kentucky Business Brokers



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