Niche Architecture And Design Firm With 2 Million WIP

The firm specializes in church projects and high-end research & development laboratories with a client base consisting of religious organizations and medical equipment companies. Their workload consists of 75% in churches, schools and places of worship, and 25% R&D and Medical laboratories with 98% of the client base being repeat or referral with some having a 20+ year tenure. 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. Licensed Architect, 2 Jr. Architects, project managers, and administrative personnel. The office space is 4,500 sq ft and supports all daily functions – it is a collaborative work space with modern amenities. 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 $2.2 million in work-in-progress and a proven track record of five consecutive years of revenue growth, this business is primed and ready for a new owner to step in and continue operations.