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Business for sale in Canada - Gf023-civil engineering consultancy

Asking Price: 575,000 £ Real Estate: Ownership
Sales Revenue: 1,040,000 £
Net Profit: 0 £
Year Established: 1984
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
Canada/British Columbia/Vancouver

Business types:

Business services

Business categories:

Engineering & Consulting Services

Business description

Established in 1984 and under the stewardship of the current Owners throughout this period, this business, a Civil Engineering practice, undertakes assignments throughout the Greater Vancouver area of British Columbia, Canada. The business has widespread experience and expertise in all aspects of municipal and industrial civil engineering and has been developed specifically to meet all of the requirements of Clients, Architects, Surveyors and other professionals involved in the construction process. Involved in new build, repairs, expansion, investigation and studies, this business has worked on projects for major clients including all levels of government, port authorities and operators, municipalities and industry, being primarily employed on contracts with values ranging from £10,000 to £1m generally speaking. Priding itself very much in offering a hands-on approach from the senior principals within the business in active, operational, as well as supervisory roles, this business is well known within its profession for expert and creative solutions to challenging engineering problems – and particularly where off the shelf solutions will rarely suffice. Frequently the business is involved at the concept stages of a project so as to provide initial design advice at the feasibility stage, ensuring that the most economical solutions are considered. As a result the business has a very strong reputation throughout the sector – amongst its clients which it works – a reputation based on project delivery, meeting the time scales and financial targets that have been set and perhaps most importantly the dependability of its work. Not surprisingly, the vast majority of its projects come from Client referral and repeat business. This is a very well established business that is currently experiencing significant growth as a result of the considerable construction activity across its customer base and in the Vancouver area in general – a trend that is set to continue for many years to come due to Canada’s vast natural resources, the Regional Gateway Transportation initiative and the Vancouver/Whistler 2010 Olympic Games among other things. In fact British Columbia currently has record major projects permits of $160 Billion CDN currently outstanding. With fee income of over £1,000,000 for the financial year ending 2008 generating healthy operating profits, an excellent, longstanding reputation and a Client list ripe for future development this represents an excellent opportunity for an existing engineering practice looking to increase their presence or establish themselves in the Canadian market or as an excellent add on to a practice currently specializing in other engineering sectors. Key strengths: Operating for over 25 years, this is a very well established business focuses on civil engineering. Built upon the very traditional value of very high levels of personal Client service – all Clients have on-going access to the most experienced senior staff within the company, this business has an excellent, longstanding Client base which provides on-going projects resulting in consistent levels of fee income. It is well known for not only matching but exceeding Client expectations with a team of very experienced expert and highly qualified staff. It has an excellent portfolio of engineers, technicians and technologists available in specific areas of expertise such as wastewater, water, pump stations, marine side infrastructure, intermodal transport, bulk carrier handling, general land planning and civil engineering design and construction management. The business has been very carefully managed throughout its many years of operation enjoying controlled growth by being very selective in relation to the projects and the Clients the business takes on. Always able to meet the demands of its Clients, the business enjoys top of mind awareness whenever a Client has a new project to place. Key opportunities: There is an excellent opportunity to build on the existing client base of this company. With a strong demand for services – this business is currently enjoying its best ever financial performance - and capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base. Having always been managed carefully within the available resources, the business has always been working at or near to capacity, to the extent that this business has in the past turned away work. Labour expansion in 2008 has alleviated the turned away work for the time being however, growth continues. The business has therefore had little opportunity or the need for that matter in the past to ‘farm’ its existing customer base to generate additional projects, although they undoubtedly exist. Additional resources in the form of fully qualified staff would undoubtedly enable this business to increase capacity further and impact considerably on the fee income generated and profitability. Quality Assurance The firm operates within the remit of the Association of Professional Engineers and Geophysicists of BC (APEGBC) and is personally dedicated to seeing their Clients needs are met with satisfaction in all cases.

Additional information

Additional information: Not Disclosed
Support & training: The current owners will provide full support and a handover to ensure a smooth transfer of the business to new owners.
Reasons for selling: This is a genuine retirement sale.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 575 £
Location: The business occupies approximately 3,000 square feet of the second floor office premises in a busy Vancouver suburb that is close to downtown Vancouver with excellent transit services and parking, as well central proximity to all regional clients.

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