BEVERLY HILLS, California
| Asking Price |
$1,575,000 |
Year Established |
1996 |
|
| Annual Revenue |
$2,754,964 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$797,579 |
Listing Number |
1016483 |
|
| # of Employees |
10 |
Business Category |
Services: Engineering, Architectural Services |
|
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.
Property Features and Assets:
Market Competition and Expansion:
<p>Geographical expansion, expanding on the marketing strategy<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