Tech–2509: Large Profitable Geotechnical Laboratory in the West Coast


This large profitable geotechnical laboratory provides construction material inspection and testing services for all types of construction projects in the West Coast of the USA.
This 15 year old laboratory’s services include special inspection services, laboratory testing services, quality assurance (QA) / quality control (QC), environmental services, geotechnical services, specialty services, and concrete scanning services. The Company’s primary source of revenue is from testing services for earthwork, concrete, and structural steel projects.  A majority of the Company’s clients are government agencies, real estate developers, commercial construction, and transportation companies.  The Company operates from a 7,000 square foot facility on the West Coast, which includes a testing lab and administrative offices. It also maintains three satellite sales offices.
The Company generates approximately 60% of its Total Revenue from commercial and industrial projects.
FINANCIALS
The Company has a track record of consistent financial performance and stability, with revenue above $7 million per year in 2018 and 2019.
 
Revenue: $5M (2017); $7.2M (2018); $ 8.4M (2019); $5.2M (2020)
EBITDA: $0.6M (2017); $1.2M(2018); $3.1M (2019); $0.9M (2020)
Total Revenue grew from $5.0 million in 2017 to $8.4 million in 2019 at a CAGR of 30.1%. The Company’s satellite laboratories  were closed due to the COVID19 pandemic, due to which Total Revenue, EBITDA, and Net Income declined in 2020.

 

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