Business For Sale

Architecture Firm with Professional Team

Houston, TX
Harris County


Asking Price: Annual Revenue:
$1,450,000 $1,668,433

Services: Engineering, Architectural Services


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RE: Architecture Firm with Professional Team Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,450,000 10% Buyer Down Payment: $145,000 45% Bank Loan: $655,000 Seller Earn Out: $650,000 Earn-out is performance-based

Quick Facts

Asking Price: $1,450,000
Annual Revenue: $1,668,433
Net Profit: Not Disclosed
Cash Flow: $422,150
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 8
BBN Listing #: 217434398
Broker Reference #: PRO026

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Business Overview:

Even with 2017 being a rough year for Houston, this Municipal Architecture Firm still had its best year yet – and is set to keep growing. Showing a 34% profit margin due to the company cutting internal costs to improve the bottom line, sales have also increased by 20% since 2016, and the profit margin increased by 10% from 2016-2017. In business for 33 years, this firm is still strong and growing every year. The owner is not currently responsible for any billable hours. The owner works 30 hours per week in management only.

Located in Houston and also serving Dallas, projects are 80% K-12 and 10% municipal, with the remaining 10% comprised of retail, healthcare, transit and more. Projects range in size from 6 months in length to 2+ years, with staff continuously working on 14 projects each month. Beyond architectural design, this firm also offers project and construction management, cost estimation, interiors, specifications and more.

Staff includes 1 Architect who mostly handles QA, 1 Office Manager, 3 Project Managers and 2 Interns.

This is a great chance for an architectural firm to add a K-12 arm, or to expand into the Houston and Dallas markets. Priced at $1,450,000 with 6-figure profits, a buyer could see a great first year’s cash flow! Seller earn out is based on performance.

*Cash flow reflects retaining the owner for one year or replacing with another principle at $150,000 per year.
Backlog 2018: Projects – 18 Dollar Amount – $1,961,323 (after paying consultants)

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Property Features and Assets:

Assets Included in Purchase ; Equipment: Furniture, fixtures and drafting equipment; Intangible Assets: Reputation and website; Lease: $2,900/month in office space. Backlog for 2018: Projects - 18 Dollar Amount - $1,961,323 (after paying consultants)

Market Competition and Expansion:

Service Area: Houston & Dallas Projects: 80% K-12 / 10% Municipal / 10% Other • 14 projects/month Services: Architectural design, 3D imaging, project management, cost estimates, construction management, interiors, specifications and more.

Reason for Selling:

Retirement

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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