Listing Number: 6953-938144
Description
Exceptional surveying business founded in 2016 with a strong reputation and a volume of business that easily places it in the top category of surveyors. The predominant survey type is residential surveying performed in the process of a real estate transaction. Additionally, the company can perform a wide range of right-of-way plats, ALTA title, preliminary, construction, as-built, depth of cover, pipeline, signage rehabilitation, GIS, drafting, boundary and foundation, and construction staking.
With an average 3-year revenue of 860k and SDE of 200k, the company enjoys a stable cash flow with over 87% of billings aged under 30 days.
Role of managing partner is overall general management, only rarely performing revenue generating activities as a relief surveyor.
Growth opportunities are strong and tied to the real estate development growth to be expected due to housing shortfall needs. State board of surveyors requires a licensed surveyor in ownership of this type of professional company, and this could easily be met with the licensed surveyor on staff.
Real estate is optional and available at $370k.
Listing Details
- Price: $ 690,000
- Down Payment: $78,000
- Sellers Discretionary Earnings: $ 219,719
- Total Sales: $ 835,164
- Location: Tulsa County, Oklahoma
- Inventory: $ 0
- FF&E: $ 0
- Employees: 8
- Year Established: 2016
- Reason for Selling: Relocation out of state
- Category: Real Estate Related
