K-12 & University Focused Architecture Firm

New York, NY


Asking Price: Annual Revenue:
$4,300,000 $5,524,480

Services: Engineering, Architectural Services


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RE: K-12 & University Focused Architecture Firm Broker: Jared Olson
Owner Financing is Available!
15% Seller Financing $645,000 15% Equity Roll $645,000 70% Financing and Buyer Cash $3,010,000

Quick Facts

Asking Price: $4,300,000
Annual Revenue: $5,524,480
Net Profit: Not Disclosed
Cash Flow: $1,014,009
Total Debt: Not Disclosed
FF&E: $447,000
Real Estate: Not Disclosed
Year Established: 15
Employees: 31
BBN Listing #: 593634398
Broker Reference #: AEI0232-F

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Business Overview:

The current owner of this business is looking to not only stay with the business for five years after sale, but has also offered to carry 25% or more! This architecture firm has a focus on higher education and K-12, with 4.1M in backlog, they are poised for an acquisition. The industry average for seller financing is 10%. This owner is open to a 30% carry showing good faith in the ongoing success and the seller’s vested interest in the success of the business after sale. The firm has nearly 20 years of experience under their belt, and their leadership team has been well mentored. The team consists of 31 employees including 2 SVP’s, 1 CFO, several architects, interior designers, and administrators. Based in New York City, this business has been able to accumulate an excellent reputation spurred on by happy clients which has led to 90% repeat clientele. A strategic new owner with experience in architecture and engineering would have 6 years of seller transitioning of the business and a foot into the New York market.

This business currently only has hospital clients making up roughly 10% of their customer base and with their current team, resources, and connections this would be an excellent opportunity for growth without expending unnecessary resources.

Priced at $4,300,000 this business is primed to return year over year success to anyone in a related industry. Someone that knows how to operate in this field would be able to not only enjoy the expected organic growth pattern brought forward by the world’s focus on education and building new opportunities, but put forth new growth opportunities without having to utilize exponential resources on accumulating additional assets.

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Property Features and Assets:

Assets Included in Purchase: $5,252,000 b • AR: $705,000 • FFE: $447,000 • Backlog: $4,100,000

Market Competition and Expansion:

• Growth Opportunities: With their current resources, a viable growth opportunity would include expanding into the hospital client pool.

Reason for Selling:

Retiring

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.

Documents:

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