NEW YORK, New York
| Asking Price |
$0 |
Year Established |
1999 |
|
| Annual Revenue |
$2,900,000 |
Reason for Selling |
The CEO is eyeing retirement. |
|
| Annual P/L |
$0 |
Attention |
Rick Carlson |
|
| Annual Cash Flow |
$1,150,000 |
Listing Number |
1008237 |
|
| # of Employees |
5 |
Business Category |
Services: Engineering, Architectural Services |
|
Business Overview:
This well-known architecture firm, specializing in pre-war residential construction, presents an opportunity to acquire a highly regarded practice with a reputation for sophisticated luxury home builds and renovations for high-net-worth clients.
The firm consistently generates $2.5 million to $3.5 million in revenue with approximately $1.15 million in annual net income. Its acquisition would provide an immediate, strategic foothold within the competitive Manhattan luxury market. The practice benefits from an extensive referral network through its relationships with repeat clients, real estate brokers, and long-standing industry ties. Its projects have received significant media recognition and have been featured in prominent trade and entertainment publications.
The proposed transition plan envisions the owner remaining involved for approximately two to three years following a sale. During this time, the role would shift from day-to-day project oversight to client introductions, business development, and mentoring.
This structure is designed to preserve relationships with clients and referral partners while enabling the new ownership team to assume operational leadership.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Property Features and Assets:
<p>Facilities: The office is located in Manhattan, with convenient access to clients and project sites. It occupies approximately 2,000 square feet and rents for $. The lease runs for another nine years. Options can be discussed if the Buyers do not want to assume the lease.<br></p>
Market Competition and Expansion:
<p>Competition: New York City has a large number of architectural firms, but relatively few specialize in this exclusive niche or have the client connections. The firm’s long history has provided a deep understanding of the multiple considerations associated with these projects.<br><br>Growth & Expansion: Potential growth opportunities include expanding marketing initiatives, broadening geographic reach, growing social media presence, or integrating the practice into a larger architectural firm seeking a Manhattan residential platform. There is no shortage of projects, should a Buyer wish to allocate or hire staff to manage and oversee them to standards.<br></p>
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