Professional Land Surveying: Owner To Carry 20%

Business Overview:

This firm specializes in several key areas of surveying:Boundary, Design, and Construction Surveying, LiDAR Services for high-resolution mapping and analysis, and Quality Control Services to ensure the accuracy and reliability of survey dataand title surveys. Their client base consists of engineering firms, land developers, and municipalities. For three decades this business has provided services throughout Central Texas, focusing on Austin and the surrounding counties. The teamconsists of 15 employees, which includes: 2 General Managers, an Office Manager, a Senior Technical Designer, and various technicians who carry out fieldwork, data collection, and dronepiloting. Additionally, payroll and accounting functions are outsourced. There are 7 vehicles included, over $800,000 in equipment, $244,310 in AR plus deposits. This company is overcollateralized for the loan! The company operates from a nice office space of 3,100 square feet. The owner’s responsibilities include approving surveys performed by technical staff, providing general oversight of the team, and completingsome administrative. The owner is selling the business as part of retirement planning and age. To ensure a smooth transition for the new owner, the seller is willing to stay onboard for a period of1 year plus carry 20-25% of the purchase price to show their vested interest in the continued success of the business moving forward.Priced at $1,200,000, which is based on a 4-year cash flow average of $344,026 with a multiple of 3.45. There are several avenues for growth identified within this business – these areas include the incorporation of drone technology and Geographic Information Systems (GIS) as they can enhance surveying capabilities and efficiency. Expanding into hydrographic surveying could open new markets related to water bodies.Hiring a marketing director could improve brand visibility and attract more clients through targeted marketing strategies. This business carries the DBE designation, a buyer will need to qualify for either WBE, DBE, Veteran or something similar.

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Property Features and Assets:

Assets Included in Purchase: ~$1,483,000

Reason for Selling:

Additional Details:

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