Business Summary:
This established firm has over three decades of experience inthe architectural industry, with a service area primarilycentered on Kauai but also extending to other islands. Theirservices encompass planning, design, constructionadministration, and sustainable design. The inclusion ofsustainable design is particularly noteworthy given theincreasing importance of environmental considerations inarchitecture. Their client base is evenly split betweenresidential and commercial clients. Offering their services tohomeowners, business owners, and property managers. Theteam consists of two architects, three draftsmen, an adminassistant, and an office manager. The owner is active,providing general oversight and assisting with the onboardingand planning of new projects – some of these responsibilitiescan be absorbed by the staff which suggests a capable andautonomous team. The seller has offered to stay with thebusiness post-close for 3-5 years to show his dedication andto ensure a smooth transition. In addition to this transitionalperiod, the seller has also offered to finance 10% of thepurchase price to show his vested interest in the success ofthe business moving forward. In terms of growthopportunities, the suggestion to implement a marketingstrategy and collaborate with general contractors could helpincrease visibility and attract new clients.Priced at $535,000, A 10% down payment of $53,500 returns$93,936 in the first year after debt payments! This acquisitionpresents a seasoned architecture firm with 36 years in theindustry – a great opportunity for an architecture mogullooking to expand geographically or a new architect looking toenjoy a reputation built over the past 3 decades. Theircommitment to sustainability alongside traditionalarchitectural services is commendable. Their experiencedteam is well-positioned to serve both residential andcommercial clients across Kauai and beyond.
|
|
|
