Seller's Contact Information
- RE: Architectural And Interior Design Firm
- Contact: Tony Torella
Quick Facts
Asking Price: | $1,150,000 | |
Annual Revenue: | $1,225,555 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $448,778 | |
Total Debt: | Not Disclosed | |
FF&E: | 25,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1994 | |
Employees: | 6 | |
BBN Listing #: | 531243099 | |
Broker Reference #: | EBG-194321081 |
Business Overview:
This well-established firm specializes in residential architecture and interior design. It is a highly successful and highly profitable business which has been in continuous operation in northern NJ for 28 years.
The firm has a highly experienced staff of professional architects and interior designers. And the firm's client base consists primarily of wealthy clients desiring high-end architectural projects such as residential renovations, interior designs and top to bottom construction of new homes.
The firm is located in an area of northern NJ which is in the middle of a market area with a strong demand for high-end architectural services. As a result, the firm typically has a 3 to 5 month waiting list of contractually committed projects on the books, and a work-in-progress backlog of 6 to 12 months. Consequently, this firm is always busy.
This business brings to the table the following value factors: well-established operating systems, a well-established going concern operation with a proven track record, a highly experienced and highly qualified staff, excellent income to the owner and great growth opportunity.
The ideal buyer of this business would either be another architectural firm that wants to grow its practice through acquisition, or an individual architect who is interested in taking over an established, highly successful and profitable turn-key operation.
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Property Features and Assets:
The firm is located in a stand-alone building with eight offices. The seller will offer a long term lease. The building is also available for sale if the buyer of the business is interested,
Market Competition and Expansion:
Competition is not a major concern because the firm has a solid reputation in northern NJ, and they are considered a brand name in their local market. The business has solid operational procedures in place, enabling it to handle significant growth. The demand for the kind of high-caliber architectural services that this firm offers is greater than the ability of the regional architectural firms to service that demand. Consequently, there is plenty of opportuity for growth.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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