Niche Architecture & Design Firm With 2M WIP
Beverly Hills, CA Los Angeles County
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- RE: Niche Architecture & Design Firm With 2M WIP
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $1,575,000 | |
| Annual Revenue: | $2,754,964 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $797,579 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 10 | |
| BBN Listing #: | 1016483 | |
| Broker Reference #: | AEI038-E |
Business Overview:
The firm specializes in church projects and high-end research & development laboratories with a client base consisting of religious organizations and medical equipment companies. Their workload consists of 75% in churches, schools and places of worship, and 25% R&D and Medical laboratories with 98% of the client base being repeat or referral with some having a 20+ year tenure. The list of comprehensive architectural services offered include feasibility studies, design, entitlement, and interior design, ensuring a seamless process from concept to completion. The seller does little to no billable client hours but does provide general oversight to the team and financials. The operations are supported by a dedicated team of 10 fulltime employees, including a Sr. Licensed Architect, 2 Jr. Architects, project managers, and administrative personnel. The office space is 4,500 sq ft and supports all daily functions – it a collaborative work space with modern amenities. Planning for retirement, the seller is offering to stay onboard for 1-2 years post close to provide a successful transition of ownership. Additionally, the seller has offered to carry 10-15% of the purchase price to show his vested interest in the continued success of the business. With more than $2.2 million in work-in-progress and a proven track record of five consecutive years of revenue growth, this business is primed and ready for a new owner to step in and continue operations.
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Market Competition and Expansion:
Geographical expansion, expanding on the marketing strategy
Reason for Selling:
Retirement. Kindly ask the seller for more information.
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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