Hot Listing

Established CT Survey & Engineering Firm, Semi-Absentee Owner Retiring

Asking Price$2,800,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,176,000

Inventory$400,000
Included in asking price
FF&E$310,000
Included in asking price
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Hot Listing

Established CT Survey & Engineering Firm, Semi-Absentee Owner Retiring


Asking Price$2,800,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,176,000

Inventory$400,000
Included in asking price
FF&E$310,000
Included in asking price
Business Description
For over 100 years, this Connecticut based land surveying and civil engineering firm has built a trusted name serving residential, commercial, institutional, and municipal clients across the state. The company offers a full slate of survey and engineering services, including boundary and topographic surveys, subdivision and site design, septic and storm water design, permitting support, and increasingly, 3D laser scanning and drone based aerial survey work carried out by FAA licensed in house pilots.

A key feature of this opportunity is that capable management is already in place and running the business day to day. Over the past year, a long tenured second in command, with nearly three decades at the company, has steadily taken on the owner's responsibilities, including client relationships, project oversight, and daily operations.

The company operates from two Connecticut offices and is supported by a loyal, experienced team of ten full time employees, including three licensed surveyors and a licensed professional engineer. Several key staff members have been with the company for a decade or longer, and current ownership reports no anticipated departures in connection with a sale.

The company is being brought to market because the long time owner is ready to retire. Having already handed off most of the day to day running of the business to his management team, he is available to support a reasonable transition period to help ensure continuity, but a buyer is not reliant on him for the business to function.

This is a rare chance to acquire a well established, multi disciplinary survey and engineering practice with a strong reputation, a proven management team already running operations, and clear paths to growth through additional hiring, geographic expansion, and continued acquisition of smaller firms' client bases and records.
About the Business
Employees
11 (10 Full-time, 1 Part-time)
Facilities & Assets
The company operates from a main office and a satellite office, both in Connecticut, with the satellite office having been leased on a month to month basis for over a decade under a stable landlord relationship. The main office is owned by an entity affiliated with the seller rather than the operating business, and a buyer can choose to lease the space going forward or negotiate a separate purchase.

The sale includes a full complement of survey equipment (robotic total stations, GPS units, and a company owned drone), a fleet of service vehicles, and industry standard software including AutoCAD and Carlson, together valued at roughly $155,000 plus vehicles. Most notably, the company holds a historical survey and engineering records archive built up over nearly a century, valued at approximately $400,000, which drives a steady stream of high margin repeat business.
Market Outlook / Competition
The company operates in a fragmented Connecticut survey and civil engineering market made up largely of small, owner operated firms, where longevity, a strong reputation, and a deep historical records archive are meaningful differentiators that are difficult for competitors to replicate. Demand for survey and engineering services in the state remains steady, driven by ongoing residential, commercial, and municipal development, and management believes the business is currently capacity constrained rather than demand constrained.
Opportunities for Growth
Management has identified several concrete paths to grow the business well beyond its current scale, including adding licensed staff (the company believes it could support roughly three times its current headcount), opening a new office in an adjacent Connecticut market, and pursuing additional municipal and public sector work. Additional upside exists in scaling the company's drone and 3D scanning service lines and continuing its track record of acquiring smaller firms' client relationships and survey records at low integration cost.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Owner is retiring
Transition Support
The seller is available to support a transition period in whatever capacity proves most useful, whether advisory, client introductions, or hands on assistance with the historical records archive. Because the management team has already been running day to day operations for the past year, the incoming owner benefits from a low risk, largely pre-completed transition rather than depending on the seller to train staff from scratch.
Listing Info
ID
2554181
Listing Views
25

Listing ID: 2554181 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.