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Architectural Firm Established in 1990

Richmond, VA (Richmond City County)

Architectural Firm Established in 1990
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Asking Price: $650,000

Cash Flow: $335,000

Gross Revenue: $1,350,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Rent: $1,300 /Month

Established: 1990

Architectural Firm Established in 1990

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Business Description

RVA Business Brokers is pleased to offer this architectural firm founded nearly 3 decades ago by the current owners. The firm will celebrate 30 years of excellence with an impeccable reputation in 2020. The two owners are retiring and fully understand that they may need to assist the Purchaser for an extended transition period if necessary and potentially to continue in some professional capacity if needed. In addition, the owners are including up to 60 hours of their time in the price to make customer introductions, employee transition time and administrative overview. Multiple proposals are bid each month for Continuing Service Contracts and the active project pipeline. Over the nearly past 30 years, this firm has built a strong reputation for itself resulting in a large referral base for continued and new business relationships. This firm is known for their experienced and knowledgeable staff, reliable service, and top-notch, innovative work. The financial statements and tax return preparation and other necessary records are impeccable.

The business has been prequalified for a government backed loan with a Purchaser’s down payment of $75,000 for a qualified buyer. The loan may include $80,000 in working capital.

Detailed Information

Location:
Richmond, VA
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Rented Office Space
Support & Training:
See Description
Reason for Selling:
Retirement
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Dan Daniel

Business Listed By:
Dan Daniel

RVA Business Brokers

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