– An outstanding opportunity to acquire a successful structural engineering consultancy based in central London.
– Established in 1985, this is a profitable business, which is growing its revenue significantly again following a difficult year in 2010.
– With a ready made client list including housing associations and local authorities as well as private individuals and companies, this business represents an excellent opportunity for an architectural or other engineering consultancy to acquire new business with little additional overhead or advertising.
– Equally the business would be of interest to individual qualified engineers looking to start their own practice with a ready made client base and business infrastructure.
- > 90% of the business is recurrent work from the existing client base, which leaves room for the new buyer to expand the business through re-invigorated marketing.
– The consultancy is ISO 9001:2000 quality assured, EXOR and Construction Line accredited and a member of the Association of Consulting Engineers (ACE). It is also an approved supplier with Tower Hamlets, Greenwich and Southwark councils.
Products and Services
- Structural and civil engineering services for all stages of project development, including design, drafting, analysis and reports.
- The business provides a one-stop service for planning, engineering, contract administration and quantity surveying.
2 partners + 2 full time & 3 part time engineers + 1 f/t PA
Rented offices, 91 m.sq.
Rent: £27k / year.
Rates: £3k / year
Reason for sale:
Both partners wish to retire.
A full hand-over and training is offered subject to agreed terms.
Year ending 30th April 2015-16 (Estimate):
Sales revenue: £450,000
Adjusted EBITDA before directors' takings: £182,000 (40%)
A strategic buyer from a related business sector with a business infrastructure already in place could benefit a further £50k from savings on office costs, advertising, insurance, subscriptions and accountancy, giving a further adjusted EBITDA of over £230k
Offers invited for business assets and goodwill
Is this business relocatable: Yes
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