Surveying Practice For Sale!
Executive Summary:

Type: Professional Service

Product: Land Surveying (primarily commercial)
Gross Sales: $350,000 (estimated for 2005)
Position: Corporate entity, proprietorship prior
Comments: Great rural location, strong referral network
Sale Price: $350,000
Seller Comment: Surveying & Topographic Services offered in great location serving several counties.

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Product & Company.

The subject entity is engaged in land surveying and topographic services for primarily commercial & same residential construction and utilities.  The business has operated successfully for approximately 20 years at the same western NC location. 

Sales.

Nominally $350,000 annually (projected for 2005).   

Assets and Classifications at Fair Market Value

Description in 000’s Comment
Cash & Prepaids 0 Seller retains
AR 20 Estimated
Inventory 0 Estimated
Equipment 130 Estimate of FMV
Small Tools & Supplies 50 Estimate of FMV
Vehicles 0 Estimate
Real Property 0 Leased
Liabilities   0   To be paid by seller
Net Assets 200  

Sellers Discretionary Earnings.

SDE, for projected fiscal year ending December 31, 2005, is expected to be $60,000

Operations.

Business operating hours Monday thru Friday from 8:00 am until 5:00 pm.

Minimal advertising costs thru Yellow Pages, internet site and a wide referral network.    

Employees.

There are 4 full and 2 part time employees. 

Working Conditions.

Some field work, some office work by licensed surveyor and survey team.  

Competition.

There are several competing entities within the region, none considered dominant. 

Buyer Skill Level.

The new owner should have great communication and customer service skills.  Surveyor license required.  Engineering skills a plus.

Owner Reason For Selling.

Principle nearing retirement.  Owner transition will be provided.

Offering, Price, and Terms.

otal asking price is $350,000.  The owner may finance some portion.

Additional Comments.

The opportunity exists to increased clientele by acquiring/associating with an engineering firm and offering a wider variety of professional services. 

Caveats.

Buying a business is a complicated process. In any business purchase the buyer should obtain or perform due diligence during the acquisition process. The buyer should carefully consider the risks involved in any investment, including the subject entity. For most individual purchasers it is perhaps a substantial personal investment. If the buyer has had no prior experience in the industry then the risks should be considered as being greater. Both the subject entity and the business broker suggest that the buyer obtain suitable advice from counselors of the buyer’s choosing (and at the buyer’s cost), and among other things perform a site visit, obtain independent appraisals, and make appropriate inquiries.

Follow-up Contact.

Chris Whitener
Broker
Equity Financial Group Inc.
cw@EquityFinancialGroup.biz
877-318-4898 (toll free)

  

Document Disclaimer: The information contained in this document may contain confidential information from Equity Financial Group Inc.  Any release of this information without the express written permission of Equity Financial Group Inc. is prohibited.  Additional information requires an executed Confidentiality Agreement.  Reported amounts should be verified through buyers due diligence.  

   

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