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East Coast Based Commercial Architecture and Design Firm with International Clients for sale in MA

Massachusetts (MA)

Asking Price: Gross: Cash Flow:
$ 1,050,000 $ 3,000,000 $ 302,274

Furniture and Fixtures Value:
(included in the asking price)

Business Summary:
Established in 1989, this architecture and design firm serves international clients, with areas of service including New England, the Middle East, the Caribbean, Midwest U.S., Texas, and more! The firm’s work is recognizable from Times Square to Saudi Arabia, and they’ve built a high reputation world-wide. Focusing on interior architecture and mostly commercial clients. This company has more than 220 hotels & restaurant projects under its belt. Though they mostly focus on condos and hospitality, they are also able to take on diverse projects in the commercial and industrial field. They have directed projects in excess of $5 billion and enjoy a history of awards and recognition as a leader in the industry. With an affluent worldwide client base, the current owner of this profitable Boston based design and architecture firm is willing to stay on for 2-4 years to help ease transition. The owner is also offering 20% financing as a show of good faith in the business moving forward.The business is best known for their timeliness and their guarantee to always be on budget. This design firm is a very well known in the Boston area and most clients are acquired through word-of-mouth referrals from completed contracts. Along with a great reputation, they also have excellent personnel. Creating additional marketing plans and increasing in-person sales are options to help continue to grow this business. The firm is currently under contract for a 10,000 square foot restaurant and six other restaurant venues. . We based our valuation of this company on the 2019 (pre Covid) and 2022 projected (post Covid) numbers due to the fact that the 2020-2021 numbers are not in tune with continuing operations for the firm.Priced at $1,050,000 , this is a business opportunity with outstanding growth potential. The owner does not do any drawing or CAD work but oversees overall strategy and interfaces with key employees. The current plan is also to expand staff to include two more senior designers and an intern.

 

   
Year Business was Established: 1989
   
Number of Employees: 8  
   
Facilities / Terms of Lease: Office Space: Open design for work, private conference space, kitchen, bathroom and storage in basement 10 year lease expiring in 2028, $5,800/Month  
   
Potential Growth/Expansion: Growth Opportunities: Increase marketing, in-person sales, and expansion of client base  
   
Owner willing to finance: 10% Buyer Down Payment $105,000 10% Seller Financing $105,000 10% Equity Roll $105,000 70% Bank Loan $735,000  
   
Owner willing to train: Seller Training Period: Owner willing to stay on for a period of 2-4 years  
   
Reason for selling: Reason for Selling: Recently married and relocating out of state  
   
Seller Reference Number: AEI002
BusinessMart.com Listing Number: 284409
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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