Description
SOLD ‘Q4 2023
National Commercial Architecture Firm for Sale
Philadelphia, PA (Philadelphia County)
Seller Financing Available if the price and deal structure is right.
Asking Price: Best Possible Offer
Cash Flow: $331,312
Gross Revenue: $2,349,643
EBITDA: N/A
FF&E: Included
Inventory: N/A
Established: 1988
Employees: 11
Business Description
This Company is a commercial architecture firm based in Pennsylvania with a national footprint. The Company for over 34 years has built long term relationships with repeat clients who have a national presence. The Company works with well known brands in food & beverage, retail, medical, and most recently car wash and self-storage, and others.
The Company has created well-documented and repeatable processes to streamline the design and build-out of new locations for these companies, excelling at anticipating and providing solutions for potential client needs before the client is even aware of them. Their reputation for making life easier and their jobs more successful for internal project managers for these companies is what keeps clients coming back to them again and again.
This Business has weathered many an economic challenge by honing in on consistent processes and delivering high quality work. They truly have raving fans. Currently, their growth is exploding due to the fairly recent hire of a Business Development Director who is focused on finding new verticals. Finding and retaining quality staff in both design and project management, as well as outsourcing certain services, has been the key to keeping up with continually growing demand.
The Seller has been preparing for several years for eventual retirement by pulling himself out of client facing roles and plans to stick around for an extended transition to ensure a smooth transition.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
Seller owns the building where the business is currently headquartered, and plans to rent to the Buyer at a fair market rate – all is negotiable of course with the right offer. Details provided in the CIM.
Competition:
The market for commercial architecture is highly fragmented. This Company competes well by sticking to its mission to provide the highest level of service in not only design but in project management for commercial build-outs. Client reviews are excellent for this reason.
Growth & Expansion:
We see tremendous opportunity for vertical or lateral integration in this acquisition. Merging with an engineering firm or with another architecture firm could both bring about amazing synergies as well as efficiencies in operations that can add to both top and bottom line.
Continuing the activities that the Company has been doing in the areas of business development and hiring are highly recommended for growth and expansion. In addition, there may be opportunities for certain buyers to bring some outsourced activities in-house. Expanding to create an additional office along the Atlantic seaboard is another recommended strategy.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
The Seller is prepared for either a few months or a few years of transition, depending on what’s needed. He is fully invested in ensuring success for the right Buyer of this Firm.
Reason for Selling:
Eventual Retirement