Business Overview:
The focus of their firm is to guide clients through unique architecture that is both elegant and intelligent, along with lead planning, design, and working alongside clients in the construction phase. Located in Toronto, this architecture firm’s staff primarily services clients in Ontario but have worked in the US because of their expertise in casinos, which a buyer could reimplement easily, as they still have client connections and resources. This architecture firm with nearly 35 years of experience specializes in the entertainment and gaming sector (60%), a large portion of their services are related to designing complex casinos, a service that not all firms are able to efficiently provide. This firm also handles condos (15%), commercial and industrial spaces (10%), corporate interiors (10%), and luxury residential work (5%). The team includes 21 employees, including a CFO, general manager, 9 registered architects, 4 technical draftsmen, and 3 architect interns. As a show of vested interest in the ongoing success of the company, the owners will offer an extended transition period of 3-5 years.
The price of $9,300,000 CAD includes a 10% seller carry, along with a 10% equity roll to show good faith in the business continuing successfully post-close. Over the last 5 years, the business is boasting an incredible 45% profit margin! With the purchase, a buyer would also be receiving $439,756 in working capital. This firm is back to pre-Covid levels with revenue, and a 2022 cash flow of over $2.3 Million!
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Property Features and Assets:
Equipment: $85,228
Working Capital: $439,756
A/R: $524,984 A/P: $85,228
Prepaids: $88,613
Market Competition and Expansion:
Returning to the United States and using deep connections. Also a new owner should develop and operate a marketing plan as they do not have any marketing or advertising – everything is repeat or referral!
Reason for Selling:
Succession Plan.
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.
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