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For Sale: Electrical Engineering Design Firm - San Francisco Bay Area

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Current Status: Active     Posting #: 249651     Last Refreshed: 8/17/19     BRE License #: 02061876    
Contact: Jeff Weinstein At 510-523-0232 , 415-565-0232  -  Also Email This Contact Below
Price:  $750,000     Down:  Call     Adjusted Net:  $304,560     Revenue:  $1,450,000    
Attributes:  Training & Support, Owner Financing     Cooperation With Brokers?  Call

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  Description About This Posting: Electrical Engineering Design Firm
Profitable electrical engineering design firm

Financial information
Asking: $ 750,000
Annual gross revenue: $ 1,450,000
Annual net cash flow: $ 304,560
Furniture, fixtures & equipment: $ 40,000 (included in price)
Inventory: n/a

Summary
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.

General information
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.
Established: 1981
Sale reason: the owners wish to retire.
Financing: seller may provide some financing to a well-qualified buyer with a substantial down payment.

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.

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