Licensed Land Surveying and Mapping - 40 Years in LA County, CA
Asking Price: | $250,000 |
Gross Revenue: | $422,029 |
Established Year: | 1983 |
Cash Flow: | $226,633 |
FF&E: | $5,000 |
With thousands of customer contacts and highly organized digital survey records for its previous six years, this company is well suited as a bolt-on to scale an existing surveying firm, or as a solid start-up for a new licensee.
They have a strong presence in Los Angeles County (specifically the City of Malibu, City of Los Angeles, and the West Side of the County) with architects, small developers, contractors, and home builders. Their work is split evenly 50/50 between layout work for new custom homes, and boundary and topographic surveys for various commercial and residential projects.
The firm has an average of eight contracts under work in progress at any one time. They complete an average of 90 jobs per year.
The company was founded in 1983 and sold to the current owner in 2018, who was an employee of the founding owner.
Seller is a licensed land surveyor and will be taking a full-time, W-2 position as Senior Project Manager with a large, multi-state engineering firm.
Equipment included in a sale is a Trimble Total Station S6, Trimble Ranger data collector, tripod legs, prisms, tribrachs, GPS receivers, prism rods, large scale plotter, printer, various survey tools, equipment, and supplies.
There are two full-time employees as Party Chief and Survey Assistant and one part-time Survey Assistant.
Owner’s general in-office responsibilities comprise drafting and reviewing all maps, producing boundary establishments, scheduling, writing legal descriptions, survey research, writing proposals, invoicing, expert witness work, payroll processing and equipment purchasing. 5% of owner time is spent in the field as party chief.
Seller represents with confidence that with adequate additional administrative support and strong marketing efforts, the market would support business tripling current revenues.
NAICS 541370 Surveying and Mapping Services
Detailed revenue and expense information is available, post-NDA.
This information is compiled and written by Margot Murphy, Principal, Sage Advisory Group, a California Business Brokerage Firm.
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