Full-Service Florida Civil Engineering and Land Surveying Firm
With a 35% avg. profit margin and nearly 70 years in business!
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.
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 outputCurrent Owners’ Responsibilities: Owner 1: Marketing & Client Services | Owner 2: Engineering & Surveying | Owner 3: Engineering & Production Manager
Cash Flow Analysis
|Description of Financial Statement||P&L Statement|
|Tax Return||Tax Return||Tax Return||Notes|
|Net Income Shown on Financial Statement||$366,574||$708,879||$455,017||$233,981|
|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|
|Meals & Entertainment||$3,151||$17,643||$0||$4,427|
|Seller's Cash Flow = Total Addbacks + Net Income||$482,546||$900,464||$696,896||$397,417|
|Profit Margin||36.06 %||37.87 %||31.05 %||20.90 %|
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