Gross Revenue: $1,243,220

Gross Revenue Comments: Gross billings

Cash Flow: $383,086

Cash Flow Comments: After replacing partners

Inventory: $375,000 (Included in Asking Price)

FF&E: $120,000 (Included in Asking Price)

Seller Financing: Seller is willing to provide some financing to qualified buyer.

This architectural and engineering firm has an extensive and varied client base consisting of real estate developers, hotel owners, banks, construction, and other companies. Many companies have been clients of the firm for decades. The firm does not bid on its engagements. Rather it relies on its reputation, network, and loyal client followning which allows it to maintain healthy margins and minimize time and expense spent on marketing. It currently has $375,000 of work under contract but yet to be performed. In 2005 the firm outsourced over $214,000 of work (mostly engineering work) and in 2006 the amount outsourced is expected to exceed $270,000. This presents a significant opportunity for a firm with excess capacity or one willing to add staff. Two of the firm's three partners are willing to stay on as staff members or work on a consulting basis for several years after transfer to ensure a continuity of operation and handoff of clients.

Year Established: 1972

Employees: 11 full time - 0 part time

Relocatable: Yes

Facilities: The firm leases 2,252 square feet in a modern office building in the Hartford, CT area, 120 miles from New York City and 96 miles from Boston, MA

Market Outlook and Competition: The firm provides services throughout New England, New York, and New Jersey. It turns down engagements and outsources much of its work because the partners no longer want to grow. An excellent acquisition for a firm looking to expand.

Management Training and Support: Two of the three partners are willing to stay on as employees for up to two or three years.

Reason For Selling: Partners are ready to retire.