Asking Price: $1,700,000
Cash Flow: available
Gross Revenue: $2,900,000
Rent: $4,200 per Month
The long-established company is a consulting engineering firm specializing in geotechnical engineering, construction inspection, and related testing services.
The company recently renewed a five-year contract with a Pennsylvania State agency which represents a large portion of their business.
Their geotechnical services include a diverse range of engineering expertise, supported by its nationally certified materials testing laboratory. The company provides professional engineering services to both industrial and commercial developers and contractors of all sizes, with a focus on four primary service areas:
-Geotechnical Engineering: subsurface investigations, mining studies, foundation design analyses, laboratory testing services and consulting services.
-Civil Engineering Support: design support for stormwater management and in-situ infiltration testing, E&S (Erosion and Sediment) control plans, land development and pavement designs.
-Construction Inspection and Documentation Services: field inspection of earthwork, concrete, structural steel, asphalt construction and related testing services.
-Laboratory Testing Services: USACE validated for physical testing of soils, aggregates, and concrete specimens.
Other services include:
-Floor flatness FF/FL testing
-Fire-proofing documentation and testing
-Soil improvement and stabilization programs
-Field load testing
-Phase 1 environmental site assessments
The two-story building measures 5,400 sq. ft. and is situated on 0.7 acres. There is also a detached garage, which measures 780 sq. ft. The facility is custom-suited for the size, space, and customer service requirements of the business. The real estate is owned personally and separately by the owners and not included in the sale. The owners would like to lease the real estate to the buyer at FMV.
The company has served the Northeastern PA region for almost 40 years and has an excellent reputation.
Growth & Expansion:
The company would offer a new owner both geographic and project expansion, in addition to the contractual relationship with the State of PA.
Support & Training:
The owner, who is an Engineer and manages the day-to-day operations, is interested in a consulting agreement for up to three years or more, depending on the nature and needs of the buyer.
Reason for Selling: