Engineering Services Company

Status
Available
Client Number
A267
Executive Summary

The Company is a long-established, customer focused provider of quality engineering services to customers in commercial, industrial, agricultural and warehouse distribution construction industries as well as food, grain, petrochemical processing and other manufacturing industries. In support of customer requirements for design build services, the Company provides period /phase services and documents, cost estimating and scheduling, equipment and mechanical systems design plans and other systems and site management services.

 

Sales are generated entirely by word of mouth from satisfied customers who value prompt delivery of services. Operating in an area with a considerable amount of agricultural, chemical and food processing, with a strong manufacturing base of business, the Company sees strength in commercial and industrial services. A significant opportunity exists in implementing a marketing program as there is no sales effort and by expanding instrument control programming and construction management services as the demand for these services is strong.

 

This opportunity is expected to be an excellent opportunity for a strategic buyer with complimentary services looking to add capabilities or as an add-on as a geographical fit. 

Financial Information
Financial Metrics
Financial Information
2021 projection 2020 2019 2018
$1,500,000 $1,307,000 $1,199,000 $1,285,000
$300,000 $201,000 $133,000 $213,000
EBITDAS: Earnings Before Interest, Taxes, Depreciation, Amortization and Owners Salary.
Deal Structure
Price
Open to Offer

All the furniture, fixtures and equipment used in the business will be included in the sale free and clear of all liens.  A list of major items is included in the full profile on this Company.

 

Also included in the price will be net working capital of $173,513.  Net working capital is defined as accounts receivable and inventory less accounts payable.

 

 

Accounts Receivable: $173,513

Inventory: $0

Accounts Payable: $0

 

 

Cash in the bank is specifically excluded from this sale and will be retained by the seller

 

Other Information
Location
Central Illinois
Ownership Type
S Corporation
Established
1986
Facilities

3,400 sq. ft. free standing office building on .5 acre constructed 1995

Employees

9 full time, non union

The owner will assist the buyer during a customary transition period.