* Included in Asking Price
With licensed staff in place and seller training for up to one year, this business is the perfect size for a new owner to maintain existing clients or pursue growth opportunities such as marketing (for the first time in company history), expanding into new territory or providing additional services. Competition is non-existent in the areas currently being serviced within a four-hour drive from the lab which enables projects in NE, CO, WY, SD & MO.
Construction projects require preliminary testing and ongoing inspections of materials, substrates, environmental and subsurface compounds and existing facility condition. This business focuses on three disciplines to fulfill these necessary testing and reporting needs for clients to adhere to their project execution: Geotechnical Engineering, Construction Material & Inspections and Environmental Testing. Over 400 projects are completed per year for clients ranging from Architects during preliminary project designs, to City & Municipality projects and ordinances, industry specific projects such as Union Pacific or Public Power Districts, General Contractors for quality control as well as lending institutes for environmental assessments prior to funding approval. A project can range from 1 day to years depending on the scope, which generally consists of completing physical testing requested by the clients, analyzing the samplings, compiling the findings into professional reports and submitting to the client for further action and compliance. Based on the results the client is then able to move forward with the next phases of their projects or are able to be directed in a new direction as needed.
Fully staffed with loyal employees, a new owner would benefit with knowledge and experience in the industry or the seller is capable of training for a transition period of up to 1 year. Lab and office are within a 40,000 sq ft facility that is leased with ample storage room for all equipment. Seasonality of construction projects causes an influx of projects during Spring, Summer and Fall months, however during the off winter season there are still projects and time for equipment maintenance to keep busy.
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
Reason for Selling: Retirement
Personnel: Environmental Scientist, Geotechnical Engineer, Driller, 4 CME Techs, Administrative Assistant
Hours: Summer busy season, Winter steady
Lease: 40,000 sqft facility leased, includes Lab & Storage for equipment
Support to Buyer: Will train new owner for up to 1 year
15% Buyer Down Payment: $285,000
20% Seller Financing: $380,000
65% Bank Loan: $1,235,000
Clients: 400+ projects per year; Architects during preliminary design, City & Municipalities, Industries such as UP, Public Power Districts, General Contractors for Quality control, Lending Institutes for Environmental Assessments. 80% Repeat Business with Clients
3 Service Disciplines Offered: Geotechnical Engineering for New Structures, Construction Materials Testing & Inspections and Environmental Testing
Employees: Loyal Full Time Staff of 8: 1 Environmental Scientist, 1 Geotechnical Engineer, 1 Driller, 4 Construction Materials Testing Inspectors, 1 Administrative Assistant and additional seasonal individuals in spring and summer (1-4). Technicians are certified by ACI, NICET, ICBO, AWS and other appropriate agencies. Registered Engineer currently in place.
Current Owner's Responsibilities: Management and oversight of staff, some report writing and proposals
|Facilities:||40,000 sqft facility leased, includes Lab & Storage for equipment|
|Training/Support:||Will train new
owner for up to 1 year.|
|Seller Financing:||20% Seller Financing|
Seller Reference #PRO005
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