Architecture Firm in Pennsylvania w $17M in sales

Philadelphia, PA
Philadelphia County


Asking Price: Annual Revenue:
$11,750,000 $16,840,806

Services: Engineering, Architectural Services


Request More Information
Contact the Seller

RE: Architecture Firm in Pennsylvania w $17M in sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $11,750,000 10% Equity Roll $1,175,000 5% Promissory Note $587,500 85% Buyer/Lender $9,987,500

Quick Facts

Asking Price: $11,750,000
Annual Revenue: $16,840,806
Net Profit: Not Disclosed
Cash Flow: $2,720,030
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1973
Employees: 78
BBN Listing #: 319134398
Broker Reference #: AEI011

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

With nearly $17M in sales in 2020, this multi-location architecture firm has a team of 80+ employees in place and the owners will stay on board for 2-10+ years! Established in 1973, the business has a 3-year average cash flow of $2.7M and a 16% average profit margin. Serving regionally in Pennsylvania, Delaware, New Jersey, and Maryland, the firm specializes in in architecture (75%), interior design (20%), and landscape architecture. The majority of their client base is in the private sector, with a significant portion of those being developers for individual corporate clients and higher education. Their highly skilled team of many long-tenured employees includes the 7 owners, 20 Registered Architects, 6 Senior Architectural Designers, 20 Intern Architects, 14 Interior Designers, 2 in Landscape Architecture, and 9 Operations Associates; all staff members serve firm-wide functions. The owners have identified five future leaders of the firm, as well as additional staff who they believe have the aptitude to grow into leadership roles in the future.

The firm is known for providing top-notch architecture and design services in the area for 47 years. Due to the diversity of the market sectors they serve, they fared exceptionally well in 2020 compared to some of their peers who are more specialized. Their 2020 revenue nearly matched 2019, and with the help of a PPP loan that was 100% forgiven, they were able to maintain their staff level with no reduced hours or furloughs.

Priced at $11,750,000, there is immense growth potential through a smaller bolt-on acquisition, and a new owner could expand the market share in healthcare and senior living. The current owners want to establish an economically sustainable model for the purchase of shares from the three principals who will reach retirement age within the next 3 to 7 years. A sale could also provide the opportunity for enhanced growth.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Building: Site 1: 10,671 square feet; Site 2: 5,842 square feet; Site 3: 4,682 square feet (currently expanding)

Market Competition and Expansion:

Growth through smaller bolt-on acquisitions, expanding market share in healthcare and senior living, increase landscape architecture projects

Reason for Selling:

Industry Consolidation

Additional Details:

  • The property is owned.
  • 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:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!