Seller's Contact Information
- RE: Architecture Firm: Owner Will Stay On For 3 Years
- Contact: Jared Olson
Quick Facts
Asking Price: | $1,925,000 | |
Annual Revenue: | $1,527,130 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $746,497 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1988 | |
Employees: | 9 | |
BBN Listing #: | 677634398 | |
Broker Reference #: | AEI024-F |
Business Overview:
This Calgary based architecture firm is incredibly well-established having been around for 34 years. With a reliable staff of 9 employees including: 1 Senior Project Manager, 1 Registered Senior Project Architect, 1 experienced staff architect in the process of acquiring their architecture registration, 2 administrative employees handling project invoicing and accounting. The current owner works in the business as an architect and handles general oversite. He has offered a 4-year training and transition period with the necessary retainment salary accounted for in the listed cash flow. This firm primarily focuses on senior care facilities and Commercial mixed-use properties. In 2022 this business grossed 1.5 million in sales with $746,497 in cash flow which averaged a 53% profit margin. Their services include full range architectural and master-planning services from briefing all the way to final certificate. In addition to this transition period, he has also offered a 20% seller carry as a show of good faith in the ongoing success of the business. While this business was originally impacted by covid in a negative manner, they have once again established their continued stability by coming back better than before with an increased gross revenue, and nearly doubled profit margin when compared with pre-pandemic numbers.
While the firm currently works with clients in Canada, they have worked with clients internationally in the US, India, China, Malaysia, and more. The owner of this Architecture firm has decided to sell in order to start planning for retirement. In addition to the long-standing reputation, a new owner will acquire a working capital worth $335,141 which is included in the purchase price.
Priced at $1,925,000, this architecture firm is an incredibly reliable investment opportunity for a larger architecture firm to roll this business into their current portfolio, a smaller architecture firm to double in size, or a young architect to take their first step into the professional industry with an established portfolio and reputation.
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Reason for Selling:
Aging owner - Retirement Planning.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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