MergerPlace

Boutique Forensic Engineering Company

Los Angeles, California


  • Asking Price: $155,000
  • Gross Income: $829,000
  • Cash Flow: $88,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $40,000
  • Listing ID: #205303
  • Established: 1971
  • Employees: 4 FT, 2 PT, plus 1099 specialist/contractors

Business Description

Incorporated 1971, second generation ownership is ready to pass the baton. Forensic engineering offers expert analysis to insurance company claims adjusters and attorneys.

Company areas of expertise include auto accident reconstruction, auto component failures, auto fire origin and cause, auto theft analysis, biomechanical analysis, construction defects, corrosion analysis, EDR downloads, engineering: civil, electrical, environmental, geotechnical, mechanical, & structural, expansive soils analysis, forensic accounting, forensic locksmithing, industrial accidents, land surveying, landscape architecture, metallurgy, paint damage - wind born sand, premises liability issues, product liability issues, safety and code compliance, slip/trip and fall accidents, traffic engineering, and watercraft safety. Experts may receive multiple assignments per week, one a month, a quarter, or a year.

Clients are national insurance companies, regional insurance companies, TPAs, and medium to small law firms as well as sole practitioners. The business is fully staffed with a full-time engineering manager, office manager, data entry person, and accounting person, as well as part time engineering VP and a computer support person.

The focus of the company for the past 5 decades has been on integrity, accuracy, fairness in dealing, timeliness in reporting, and economy. Policies and procedures have been fine-tuned & polished for accuracy and efficiency, minimizing waste. These efficiencies are passed on to the customers. The company’s services are neither the most expensive (typically several PhD’s on salary) nor the cheapest (typically a one-man shop). The company’s experts are independent contractors, hired as needed for specific assignments. The company staff is mature and stable.

It used to be that the layperson deferred to whoever was the authority in a given company. With the advent of the internet, Wikipedia and YouTube have changed that. Now insureds and claimants do ten minutes of on-line research and they are quick to challenge, bluff, bulldoze, buffalo, and blindside the unprepared. This company provides the solution to that problem.


Business Details

Primary Business Category: Services - Engineering
Location: California
Metropolitan Area: Los Angeles

Company Information

Year Established: 1971
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT, 2 PT, plus 1099 specialist/contractors

Financial Information

Asking Price: $155,000
Gross Revenue: $829,000
Cash Flow: $88,000
FF&E: $40,000
Seller Financing Available: No

Property Information

Facilities:

The company is located in LA County in a leased 1,820SF office, on a 3-year lease with a 60-day early termination option, without penalty. Rent is $2,730 per month less $500 per month credit for being the building on-site property manager. Additionally, the business pays an additional $153 per month on site for dead storage of records (upstairs) and $370 per month for offsite dead storage of evidence and records.

Growth & expansion opportunities:

Excellent

Reason for selling:

Retirement

Support & Training:

Excellent

Contact Business Seller

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Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.