Business Overview:
95% of all of the business at this full-service architecture firm is from referrals, resulting in pipeline of 10.3M. This firm has 3 years’ worth of signed contracts already in place and has a profit margin of 38%! They are in the top 3 in Ontario and has a highly experienced team that works out of a 7,500 sq. ft. leased space and includes 1 CFO, plus 2 registered architects on staff and 10 architectural technologists, all highly skilled in the technical side of the full design process. Their projects range in size from small boutique hotels to grand golf course clubhouses throughout Canada, each one customized to fit their clients’ vision. The residential work includes high-end custom estate type homes up to $40M in value. The owners are willing to stay on for 2 to 3 years to assist in the transition and will finance or roll equity of 22.5% as a sign of faith and vested interest.
The firm is renowned for their work at gold courses and also do a lot of clubhouse work. Their comprehensive services include conceptual and schematic design, design development and construction documentation, permits and approvals, contractor bidding and/or negotiating, and construction contract administration. They have fixed fees for their clients, which helps bring in a tremendous number of commercial projects. One owner does large-scale project management and financials, while the other does small-scale project management. Both are accounted for in the cash flow analysis
Currently, this business has $3M worth of active contracts and $10M worth of contracts waiting to proceed. They have seen steady growth in sales and profitability in the past 4 years; increasing marketing and promotional materials, focusing on high-end small boutique hotels throughout Canada, and expanding current client relationships would certainly lead to continued growth. The company’s owner and 2 on staff are members of the Ontario Association of Architects, and the owner holds licenses with British Columbia and Nova Scotia, as well as NCARB licensing in New York and Arizona.
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Property Features and Assets:
Lease: 7,500 sq. ft. space (part of a 15,000 sq. ft. building)
Market Competition and Expansion:
Increase marketing/promotional efforts, focus on high-end small boutique hotels, expand current client relationships
Reason for Selling:
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.
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