Architecture Firm with specialty in Schools and Churches for sale in Los Angeles, CA

Business Summary:
This architectural firm has been providing service throughout Southern California for over 30 years! They specialize in church projects and high-end research & development laboratories with a client base consisting of religious organizations and medical equipment companies. The list of comprehensive architectural services offered include feasibility studies, design, entitlement, and interior design, ensuring a seamless process from concept to completion. The seller does little to no billable client hours but does provide general oversight to the team and financials. The operations are supported by a dedicated team of 10 full-time employees, including a Sr. architect, 2 Jr. architects, project managers, and administrative personnel. Planning for retirement, the seller is offering to stay onboard for 1-2 years post close to provide a successful transition of ownership. Additionally, the seller has offered to carry 10-15% of the purchase price to show his vested interest in the continued success of the business. With more than $2.7 million in work-in-progress and a proven track record of four consecutive years of revenue growth, this business is primed and ready for a new owner to step in and continue operations. Due to the new SBA guidelines, an industry buyer is only required to bring 2.5% as a down payment.