Description About This Posting: Electrical Engineering Design Firm
PROFITABLE ELECTRICAL ENGINEERING DESIGN FIRM
Asking: $ 750,000
Annual Gross Revenue: $ 1,450,000
Annual Net Cash Flow: $ 304,560
Furniture, Fixtures & Equipment: $ 40,000 (included in price)
For nearly four decades this very successful electrical engineering design firm has served clients throughout California and some other western states. It has executed almost 5,000 projects for commercial, public and institutional clients, doing electrical designs, both high and low voltage, for a broad range of projects that include lighting and various electrical infrastructure for sports complexes, recreational facilities, parks, bridges, theatres, hotels, schools, marine terminals, medical facilities, to name only a few.
To be clear, this firm does only the engineering design work and does not do the actual installations of electrical systems. The owner is offering this highly profitable, well-organized, turnkey operation with its cost-effective, systemized processes and very experienced staff, to continue its projects and to further capitalize on the firm's excellent reputation and relationships.
Location: San Francisco Bay Area
Facility: The 3,200 sq. ft. office is in an easily accessible, attractive commercial district and is leased month-to-month at market rate. The landlord is willing to lease the space to a new owner for a 5-yr. term with a 5-yr. option.
Competition: The two local competitors do not have the well-established, long-term relationships or range of experience of this firm. Some large engineering firms may offer some electrical design work as an additional service.
Expansion: Due to the large amount of work in progress over the last few years there has been very little effort to market and grow the business. However, based on the firm's reputation, a new owner could easily expand its client base and add related services to current and future contracts.
Support: So as to ensure a seamless and profitable transition to the new ownership, the seller is willing to give the new owner up to 2 years of orientation, training and introductions, for a fee to be negotiated.
Employees: The staff of this non-union company consists of 6 full-time employees, in addition to the 2 owners.
Sale Reason: The owners wish to retire.
Financing: Seller may provide some financing to a well-qualified buyer with a substantial down payment.
Broker: Sunbelt Business Sales & Acquisitions
Contact: Jeff Weinstein, Cal DRE 02061876
To get more information about this Electrical Engineering Design Firm business for sale in
San Francisco Bay Area please phone Jeff Weinstein (Broker - BRE License #:02061876) at 510-523-0232 and 415-565-0232 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #249651 on BizBen.com. In addition to phoning
Jeff Weinstein, make sure you email Jeff Weinstein above to get more info about this
Electrical Engineering Design Firm, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
How do you determine the value of your business when you go to sell or even buy a business? There are so many factors and that is usually one of the first items serious buyers inquire about. Tim Cunha JD (SF Business Broker at 650-600-3751) initiates this Discussion On BizBen with other Advisors.
When you are selling your business, your presentation, for the most part, is going to be your financial statements. Everything begins there. SF Bay Area Business Broker Rob Hartman discusses how to best present your financial statements and what should be included when selling.
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.
In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA (Business Purchase Financing Expert) at 866-270-6278 shares his experience.
If you're trying to sell a business - check out this week's top 100 business buyers - one of these buyers may be looking to buy your type and location of business! This list is updated weekly - make sure you check it frequently! Are you searching to buy - get on this list and reach seller direct!
Was just asked the question from a business owner what the "typical commission" amount is for a broker or agent and if upfront fees are common? Thought this might be a great Discussion topic on BizBen for both business owner/sellers and potentially for business buyers (buyer representation).
The likelihood of selling a business is often determined by external factors in the marketplace. Here are eight influences on how easy, or difficult it might be when selling a small California business. Peter Siegel at 866-270-6278 (BizBen ProSell Program) explains these factors for owner/sellers.
When seeking business acquisition financing, it helps to review a seller's addbacks as a source of funding to service the debt service. But explain them correctly. Peter Siegel, MBA business acquisition financing expert and advisor at 866-270-6278 covers this topic on financing a business purchase.