13 Architects in Firm with over $2M in Backlog

Not Disclosed, NY


Asking Price: Annual Revenue:
$4,100,000 $5,770,148

Services: Engineering, Architectural Services


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RE: 13 Architects in Firm with over $2M in Backlog Broker: Seller of Business
Owner Financing is Available!
10% Seller Financing $425,000 15% Equity Roll (if desired) $637,500 75% Financing & Buyer Cash $3,187,500

Quick Facts

Asking Price: $4,100,000
Annual Revenue: $5,770,148
Net Profit: Not Disclosed
Cash Flow: $2,715,201
Total Debt: Not Disclosed
FF&E: $2,658,244
Real Estate: Not Disclosed
Year Established: 2004
Employees: 31
BBN Listing #: 564134398
Broker Reference #: AEI023-E

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Business Overview:

This architecture firm has a main focus on buildings pertaining to the higher education and K-12 sector, with 4.1M in backlog, they are poised for an acquisition. Included in the purchase is over $2.6 million in assets, including equipment (computers, software, office equipment, leasehold improvements) and accounts receivables. The current owner is open to carrying 25% of the purchase to show good faith as well as the vested interest in the success of the business after sale. This firm has nearly 20 years of experience under their belt, and their leadership team has been well mentored. The team consists of 31 employees including 2 SVP’s, 1 CFO, 11 architects, interior designers, and administrators. All employees are full-time, well-trained and experienced in their positions. This firm’s extensive experience within the resident client base allows them to regularly win projects over larger national entities. This local reputation and familiarity has allowed the business to attain and maintain a customer base made up of 90% repeat clients.

This business currently only has hospital clients making up roughly 10% of their customer base and with their current team, resources, and connections this would be an excellent opportunity for growth without expending unnecessary resources. Both owners will stay on until retirement, providing both industry expertise and client relations. Strong growth opportunities exist for this architectural firm, with only a small percentage of the regional school district market tapped and a lot of space for winning additional multifamily contracts. Even with only two locations (Oklahoma & New York), they are currently working with clients in Arkansas, Oklahoma, Texas, Colorado, Florida, Connecticut, New Mexico, Kansas, Missouri, and the New England Area.

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Property Features and Assets:

Equipment: $1,491,473 • Computer Equipment & Software: $976,933 • Office Equipment: $373,294 • Leasehold Improvements: $141,546 Accounts Receivable: $1,166,771

Reason for Selling:

Transition & Retirement Planning.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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