A long-established consultancy practice which is one of the regional leaders in chartered civil and structural engineering is for sale due to planned retirement. It focuses on commercial, infrastructural and residential projects, and has a leading position in urban renewal, marine and leisure. Most of its business is of a repeat nature, deriving from framework or partnering agreements with architects, developers and major contractors. It makes above-average margins on a fee income of £1.6M and has strong growth potential. It operates from 2 Northern offices with a good management organization and strong succession planningYears established: 20
Employees: 16
Trading hours: standard
Property
LeaseholdLocation
city centre and regional offices close to clientsExpansion potential
Demand exceeds supply. Growth is limited only by its senior engineering resource. The expansion of this resource is one of the motivations for saleCompetition / Market
Because it specialises in structural and related civils projects in particular markets, it occupies a niche with relatively limited competition. Its reputation means that demand exceeds supply capacity. The challenge is its ability to expand its senior engineering resource to meet demand.Support & training
as requiredReasons for selling
Planned emigration or retirement of at least one of the partners. Increasing scale and complexity of projects being undertaken requires more senior staff which are difficult to recruit. To enable exploitation of growth opportunitiesThis business for sale has a website
www.business-engineering.co.uk

Asking price:
£1,650,000
Sales revenue:
£1,600,000
Net profit:
£350,000