Prestigious Architectural Firm--Rare Merger or Acquisition Opportunity

Covington, LA (Saint Tammany County)

Prestigious Architectural Firm--Rare Merger or Acquisition Opportunity
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Asking Price: Get Financing: $1,277,000

Cash Flow: $357,687

Gross Revenue: $1,185,765

EBITDA: $294,569

FF&E: $75,000

Inventory: N/A

Lease Rate: $1.84 /SF

Established: 1984

Prestigious Architectural Firm--Rare Merger or Acquisition Opportunity

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Business Description

Professional Team // Rare Opportunity to Acquire or Merge

This high-profile architectural firm represents a unique opportunity to acquire or merge with a well-established practice renowned for luxury traditional residential architecture. The 35-year old practice has a national, high net-worth clientele that commissions large-scale residences ranging from $4M to $18M in project cost and up to 15,000 square feet in size. With construction costs of $500 to $1,500 per square foot, these projects show intense attention to detail, extensive sourcing of new and antique building materials, and world-class craftsmanship. Residences designed by the firm have been widely published. With representation in 30 books (including 5 covers) and 75 magazines (including 10 covers), this company has established name recognition and a reputation for the highest quality architecture. Acquisition or merger with this practice will add a prestige brand to an existing practice as well as an opportunity to grow this successful small business. Ideal for a company that wants to add traditional architecture or luxury, high-end residential projects to its portfolio, this firm offers a variety of valuable assets, foremost being access to the principal architect, who is the recipient of multiple awards including an Institute of Classical Architecture and Art Shutze prize, and has been recognized by Architectural Digest’s elite AD100 list of design professionals, the Traditional Architecture Institute’s list of best classical architects in America, and BOND’s 2018 list of 100 top luxury architects. He brings expertise not only in architecture and client relations, but also in sophisticated marketing, especially through the creation of books (he has published four books featuring the firm’s work) and creative promotional pieces. The firm’s extensive library of professional photography of past work is a valuable marketing resource. With a staff including 4 registered architects and 3 unlicensed architects, the practice also offers access to an extensive network of manufacturers, material resources, and trained craftsmen.

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Detailed Information

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Included in asking price
The office is located in a historic building in Downtown Covington, Louisiana that was originally a small bottling company. It has approximately 3,000 sq. ft. with an additional 1,000 sq. ft. storage/mechanical room and an available 1,000 sq. ft. annex for expansion. With exposed brick and stucco walls and antique cypress doors, the interior includes 7 luxury office spaces (2 with libraries), a large office manager’s space, a kitchen, 2 bathrooms, an office storage room, and a print room, adjoining a spacious lobby and beautifully maintained courtyard.
Growth & Expansion:
With access to a larger staff with greater management expertise, this firm has the potential to produce more and larger projects, expanding from the current cap of $15M per project construction cost up to $30M or higher.
Support & Training:
Owner available for 5 years on a full-time basis and part-time thereafter.
Reason for Selling:
To pursue new challenges & opportunities
Business Website:
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Business Listed By:
Tim Ratcliff

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