Vancouver Architecture Firm: Multi-Family Focus

Surrey, British Columbia

Surrey, British Columbia area

Asking Price: Annual Revenue:
$6,387,000 $3,691,182

Services: Engineering, Architectural Services

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RE: Vancouver Architecture Firm: Multi-Family Focus Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $6,387,000 15% Buyer Down Payment: $958,050 15% Seller Financing: $958,050 70% Bank Loan: $4,470,900

Quick Facts

Asking Price: $6,387,000
Annual Revenue: $3,691,182
Net Profit: Not Disclosed
Cash Flow: $1,344,708
Total Debt: Not Disclosed
FF&E: $54,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 18
BBN Listing #: 332434398
Broker Reference #: PRO072

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Business Overview:

A 15% down payment of $958,050 returns $425,328 in the first year after debt payments! This architecture firm specializes in multi-family residential and mixed-use designs. The team of twenty creates beautiful properties for developers and contractors who are building office buildings, residential towers, senior care facilities, and public buildings, in addition to multi-family homes and mixed-use developments. Most work is completed in the lower mainland area of British Columbia as well as Alberta. Projects have been completed in the U.S. and this company is willing to take on additional projects throughout the States. The pipeline is between $3.5MM and $4MM with additional contracts in progress. The current owners are the two registered architects within the firm, and they are willing to remain a part of the team for up to one year to ensure a smooth transition of projects and client relationships.

The team of eighteen includes eleven technicians, one office manager, two site field reviewers, and four interns. The owners currently focus on design duties, oversight and business development. They both work full time, but the team is well-trained and very capable of completing high quality work for clients. Operations are managed from a 2,800 square foot double-height office space that features an open plan workspace and a board room. A mezzanine level contains a kitchen area and second boardroom plus additional workstations.

Growth is nearly endless in the Vancouver area and the demand for multi-family residences as well as mixed-use properties is very high. Future plans could include building upon this current specialty or working to build clients within the industrial or office sectors. An additional registered architect could be added to the team to increase capacity, if desired.

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Property Features and Assets:

2,400 square feet: Open plan workspace with board rooms and a kitchen.

Market Competition and Expansion:

Growth Opportunities: Continue expansion into the multi-family space, add another registered architect to increase capacity, there is a great deal of work available in the area.

Reason for Selling:

Strategic exit 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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