Procurement & Interior Design for Hotels & Condos

Boston, MA


Asking Price: Annual Revenue:
$1,100,000 $943,831

Services: Professional


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RE: Procurement & Interior Design for Hotels & Condos Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $110,000 10% Seller Financing $110,000 10% Equity Roll (if desired) $110,000 70% Bank Loan $770,000

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $943,831
Net Profit: Not Disclosed
Cash Flow: $330,205
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1989
Employees: 8
BBN Listing #: 158834398
Broker Reference #: AEI002-E

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Business Overview:

This Boston based firm is focusing on interior architecture/design/layout of condominiums and has more than 220 hotels, restaurant, condominium projects under its belt. Their well equip and experienced team of 1 Design Director, 1 Senior Designer, 1 Senior CAD Designer, 1 Designer, 1 Purchasing Agent, 1 Junior Designer, 1 Renderer, 1 Bookkeeper, allow for minimal owner responsibilities. With an affluent worldwide client base, the current owner is willing to stay on for 2-4 years to help ease transition, and his responsibilities include only 3.5 days of oversight. The owner is also offering 10% seller financing and a 10% equity roll as a show of good faith in the business moving forward.

Established in 1989, this architecture and design firm serves international clients, with areas of service including New England, the Middle East, the Caribbean, Midwest U.S., Texas, and more! The firm’s work is recognizable from Times Square to Saudi Arabia, and they’ve built a high reputation world-wide. The business is best known for their timeliness and their guarantee to always be on budget. Along with a great reputation, they also have excellent personnel. Creating additional marketing plans and increasing in-person sales are options to help continue to grow this business. The firm is currently under contract for a 10,000 square foot restaurant and six other restaurant venues. . We based our valuation of this company on the 2019 (pre Covid) and 2022 annualized (post Covid) numbers due to the fact that the 2020-2021 numbers were an anomaly.

Priced at $1,100,000, this is a business opportunity with outstanding growth potential. The owner does not do any design drawing or CAD work. The well-established team has the necessary traits allowing for a smooth and complete transition to continue with the minimal responsibilities.

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Property Features and Assets:

Equipment: Computer and Office Equipment A/R, Secured Work, Pipeline: Secured work can overlap years Intangible Assets: Amazing reputation, worldwide recognition, variety of designs.

Market Competition and Expansion:

Increase marketing, in-person sales, and expansion of client base.

Reason for Selling:

Recently married and relocating out of state.

Additional Details:

  • The property is leased.
  • The owner is not 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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