BRONX, New York
| Asking Price |
$3,950,000 |
Year Established |
1992 |
|
| Annual Revenue |
$6,452,099 |
Reason for Selling |
Retirement Planning |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$1,193,986 |
Listing Number |
938555 |
|
| # of Employees |
24 |
Business Category |
Services: Professional |
|
Business Overview:
This architecture firm largely serves the K-12, collegiate, and multifamily sectors. They have provided their services to over 80 campuses across the US! They have the ability to work on 20-25 projects at a time, which has allowed both great customer diversity and an incredible 90% client return rate! With 2 prime locations and over $5M in backlog, this firm is currently working with clients in Arkansas, Oklahoma, Texas, Colorado, Florida, Connecticut, New Mexico, Kansas, Missouri, and in the New England Area. There is a robust team of 24 including 1 CFO/Senior Executive, 6 Project Managers/Lead Architects, 12 Architectural Designers, 1 Interior Designer, 1 Marketing Director, 1 Marketing Assistant, 1 Office Administrator, and 1 Student Intern. The owner is willing to provide a seller carry or roll equity for up to 25% of the purchase in addition to a 4-year transition to show good faith and vested interest in the continued success of the business after closing. This firm has an immaculate reputation after 30+ years in the market. Priced at $3,950,000, strong growth opportunities exist for this architectural firm, with only a small percentage of the regional school district market tapped and a lot of space.
Property Features and Assets:
<p>Equipment: $1,506,531</p><p>• Computer Equipment & Software: $993,371</p><p>• Office Equipment: $373,294</p><p>• Leasehold Improvements: $139,866</p><p>Working Capital: ~$400,000 – $600,000</p>
Market Competition and Expansion:
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