Architecture Firm with Professional Team

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Asking Price:
$1,450,000

Gross Revenue:
$1,668,433
Cash Flow:
$422,150
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Even with 2017 being a rough year for Houston, this Municipal Architecture Firm still had its best year yet - and is set to keep growing. Showing a 34% profit margin due to the company cutting internal costs to improve the bottom line, sales have also increased by 20% since 2016, and the profit margin increased by 10% from 2016-2017. In business for 33 years, this firm is still strong and growing every year. The owner is not currently responsible for any billable hours. The owner works 30 hours per week in management only.

Located in Houston and also serving Dallas, projects are 80% K-12 and 10% municipal, with the remaining 10% comprised of retail, healthcare, transit and more. Projects range in size from 6 months in length to 2+ years, with staff continuously working on 14 projects each month. Beyond architectural design, this firm also offers project and construction management, cost estimation, interiors, specifications and more.

Staff includes 1 Architect who mostly handles QA, 1 Office Manager, 3 Project Managers and 2 Interns.

This is a great chance for an architectural firm to add a K-12 arm, or to expand into the Houston and Dallas markets. Priced at $1,450,000 with 6-figure profits, a buyer could see a great first year’s cash flow! Seller earn out is based on performance.

*Cash flow reflects retaining the owner for one year or replacing with another principle at $150,000 per year.

Backlog 2018: Projects - 18 Dollar Amount - $1,961,323 (after paying consultants)

About the Business

Year Established:
1984
Number of Employees:
8
Facilities:
$2,900/mo in office space
Market Outlook/
Competition:
Service Area: Houston & Dallas
Projects: 80% K-12 / 10% Municipal / 10% Other
• 14 projects/month
Services: Architectural design, 3D imaging, project management, cost estimates, construction management, interiors, specifications and more
Growth & Expansion:
$1B worth of Texas school projects coming up. Task order contracts.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2-3 years
Seller Financing:
Seller earn out $650,000

Listing Info

ID:
1445803
Ad Detail Views:
781

Attached Files Attachment Disclaimer

  b. Summary - PRO026.docx (35 KB)
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Fort Bend and Harris Counties, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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