18 y/o Architecture & Interior Design Practice

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Expand into New York City and grow your footprint
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Business Description

**Architecture license NOT required**

OVERVIEW - The firm represents a unique opportunity to merge with or acquire an established architectural practice in the heart of New York City. The firm's portfolio includes residential, commercial, retail and mixed-use projects. Founded in 2000, the Company achieved total income of $1,589,740 in in the 12 months to July 2017, with owner’s discretionary earnings of $596,724 during that period. Recent results are comparable.

TRACK RECORD OF SUCCES - The firm had a 20% cumumulative annual growth rate (CAGR) in gross revenue from 2010 through 2016. The Company’s designs have featured in publications such as Architectural Digest, Bathroom Trends, Kitchen Trends and New York Magazine. Since 2000, the Company has completed over 450 projects and currently has approximately 80 active projects.

NEW $7.5M FEE 5-YEAR PROJECT - The firm recently received a LOI for a partially state-funded project with a budget of $900 million. The project is expected to generate revenues in excess of $7.5 million for the firm.

LOW MARKETING COSTS - The firm has achieved its growth with relatively low marketing costs. There would seem to be significant potential to increase the profile, and thus growth, of the Company through increasing the marketing spend. In 2016, its advertising spend was slightly in excess of $23,000, representing less than 1.5% of gross revenue. For most small US firms, marketing expenditure as a component of gross revenue is approximately 4%.

CLIENT SOURCES - Approximately 37% of the Company’s clients are repeat clients, while 48% are referrals, indicating reliable sources of revenue

SYNERGIES - There are a number of potential synergies that could emerge from acquiring the firm: Access to a new geographical market, relative stability of revenues when compared to other locations in the US, exposure to clients in a higher income bracket as well as benefits of scale and scope.

STRONG TEAM - The founder is committed to a smooth transition of clients to the buyer and is willing to work in a consultant role for approximately 2-3 years to facilitate this. He established the business in 2000 and has put together a strong team of architects, technicians and interior designers. The company currently has 13 employees in total, including the founder.

DIVERSE DESIGN PORTFOLIO - The firm has completed over 450 projects since 2000. The annual quantity of projects has grown by approximately 40% in the past five years. In terms of revenue, most of its projects are residential.

The firm is free of debt.

About the Business

Year Established:
Number of Employees:
Real Estate:
Lease Amount/Mo.:
Lease Expiration:
The firm has two leases for two separate floors. Both leases are five-year leases with a six-month termination clause. The lease for the 1st floor architecture department space runs through May 31, 2022. The lease for the 2nd floor interior design space runs through February 13, 2022.

All of the furniture, hardware, software licenses, and other equipment used in the operation of the business will be included.
Market Outlook/
The firm has carved somewhat of a niche for itself in its particular neighborhood, earning itself some local name recognition. This recognition is partially due to the firm's street-level visibility.
Growth & Expansion:
Being part of a larger, national firm will allow the seller's firm to win larger projects. Also, additional marketing investment will allow the firm to expand its residential practice.
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About the Sale

Reason For Selling:
Owner wants to return to his acting career and do more real estate investing.
The owner is willing to continue working with the firm for up to 3 years.
Seller Financing:
Seller is open to receiving cash, equity, and a note.

Listing Info

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Business Listed by
Ashish Bhatt

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U.S. Census Data for New York County, NY



Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for New York County, NY


Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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