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Full Service Civil Engineering Firm in Tampa Bay Area

23 full time employees, including engineers, field crews, and designers!

CASH FLOW
$800,375

Specifications

  • Price
    $3,100,000

  • Revenue
    $2,343,867

  • Cash Flow
    $800,375

  • Location
    Pinellas County, Florida

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

  • Profit Margin
    35%

 

Well-established in the Tampa Bay Area for nearly 70 years, this full-service civil engineering has a 35% average profit margin! The firm presently splits focus between private (60% of total work) and municipal work (40%). 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.

 

The firm currently has 3 owners (with equity at 38%, 38%, and 24%). One of the principal owners focuses on maintaining 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. Other personnel 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.Two of the unlicensed engineers have their EIT and recently took their PE exam – the other has his EIT.

 

Priced at $3,100,000, a 12.5% down payment of $387,500 returns $403,938 in the first year after debt payments – 104% return on investment! This is not an opportunity to miss and is one that is guaranteed to have consistent and excellent services. 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.

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% - largely for commercial real estate transactions)

Clients: Private (architects, developers, attorneys, private land owners, churches) 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-Sept 2021
Tax ReturnTax ReturnTax ReturnNotes
2021202020192018
GROSS SALES$1,807,115$2,377,668$2,244,451$1,901,537
Annualized$2,409,487
Net Income Shown on Financial Statement$459,931$708,879$455,017$233,981
ADDBACKS
Compensation to Owner$261,789$338,155$328,117$240,000
11% Tax on total W2 Salaries$28,797$37,197$36,093$26,400
Depreciation$0$0$78,916$98,290
Interest$6,365$14,855$8,650$9,159
Auto-Personal Use$30,743$30,135$36,503$30,020
Fuel/Gas Expense$0$0$0$0
Meals & Entertainment$0$17,643$0$4,427
Cell Phone$2,700$3,600$3,600$3,600
Owner Replacement$-187,500$-250,000$-250,000$-250,000
Gifts$0$0$0$1,540
TOTAL ADDBACKS$142,894$191,585$241,879$163,436
Seller's Cash Flow = Total Addbacks + Net Income$602,825$900,464$696,896$397,417
Annualized
Profit Margin33.36 %37.87 %31.05 %20.90 %
Cash Flow Analysis

Financial Highlights

  • List Price: $3,100,000

·         3-Year Average Cash Flow: $800,375

*amounts may vary

 

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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.