Outstanding Design Impressive Value
Business Description
“You never get a second chance at a first impression” is a maxim that highlights the importance of proper design, and when planning a project that will stand for decades who you trust with your building’s design is crucial. Over thirty years of experience is a testament to this boutique architecture firm proving they have delivered on that trust time and again.
This opportunity is currently operating as a small firm in Southeast Michigan with a long-time staff designer who has been serving a recurring clientele for well over a decade. With a niche market including worship spaces and senior living facilities across lower Michigan, this firm will be a great supplement to an existing portfolio, or even the perfect opportunity for someone looking to expand into the Michigan market.
Digging into the numbers. In recent years this firm has seen revenues in excess of $500,000 with a four-year annual average of $426,000. This translates to a Sellers Discretionary Earnings (SDE or cashflow available to the owner) around $160,000. Priced at $275,000 this is an excellent opportunity for the right owner.
Assuming a typical SBA loan structure with 10% buyer down, 10% seller financing, and 80% SBA financing this would offer a post debt service cash flow of approximately $130,000.
A prospective buyer must hold a Michigan Architect License or be licensable by closing.
The seller anticipates a sale in which they retain cash and Accounts Receivable while retiring all liabilities. The buyer receives all equipment, systems, and goodwill of this established operation. The seller is willing to provide support in transition to handoff and maintain key client relationships.
This opportunity is currently operating as a small firm in Southeast Michigan with a long-time staff designer who has been serving a recurring clientele for well over a decade. With a niche market including worship spaces and senior living facilities across lower Michigan, this firm will be a great supplement to an existing portfolio, or even the perfect opportunity for someone looking to expand into the Michigan market.
Digging into the numbers. In recent years this firm has seen revenues in excess of $500,000 with a four-year annual average of $426,000. This translates to a Sellers Discretionary Earnings (SDE or cashflow available to the owner) around $160,000. Priced at $275,000 this is an excellent opportunity for the right owner.
Assuming a typical SBA loan structure with 10% buyer down, 10% seller financing, and 80% SBA financing this would offer a post debt service cash flow of approximately $130,000.
A prospective buyer must hold a Michigan Architect License or be licensable by closing.
The seller anticipates a sale in which they retain cash and Accounts Receivable while retiring all liabilities. The buyer receives all equipment, systems, and goodwill of this established operation. The seller is willing to provide support in transition to handoff and maintain key client relationships.
About the Business
- Years in Operation
- 31
- Employees
- 1 Full-time
- Currently Relocatable
- Yes
Real Estate
- Owned or Leased
- Leased
Listing Info
- ID
- 2503569
- Listing Views
- 18
Listing ID: 2503569 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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