Terrific Add on Architecture Firm in Ottawa

Ottawa, ON

Seller Financing Available
Terrific Add on Architecture Firm in Ottawa
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Asking Price: $534,000

Cash Flow: $178,849

Gross Revenue: $2,841,150

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1987

Terrific Add on Architecture Firm in Ottawa

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Business Description

Established for over 30 years, this Ottawa-based architectural firm boasts high customer satisfaction, resulting in 90-95% repeat clients. With 25 current jobs, the two owners are to ensure customer retention! The diverse client base is 50% institutional, 20% commercial, 20% industrial and 10% residential. Projects are predominantly local (80%) but the business has a regional reach as well.

The 2,400 sq./ft. of office space includes 4 offices, a conference room and 9 work stations. There is a team of twelve full-time employees, 1 director, 2 administrative staff, and 3 architects, 6 technical staff. The 3 principals are involved in project management, supporting the successful completion of projects. They expertly manage multi-year contracts as well as those that take only months to complete.

The business is committed to professional service and understanding client mission and goals allows for effective design, scheduling, budgeting and overall efficiency of process, meeting all client needs regardless of project scope. Staying up-to-date on technology by using the latest Auto CAD and 3D design programs, continuous staff education and award-winning designs also support continued success.

While one principal plans to retire, two would be open to remaining after the sale. This would allow continuation of current services, but also support additional growth by a new Owner.

Attached Documents


Detailed Information

Employees:
12
Facilities:
Lease: 2,400 sq./ft useable office space and 700 sq./ft of basement storage for $7,000/mo.
Competition:
Service Area: 80% locally, 20% regionally Client Base: 50% institutional, 20% commercial, 20% industrial, 10% residential Number of Clients: 25 based on current jobs Repeat Clients: 90-95% Services: Full architectural services for new buildings, additions, and renovations; pre-design programming; project management; space planning; interior design; technical audits; BOMA area certifications
Growth & Expansion:
Growth Opportunities: Take on additional projects
Financing:
15% Seller Financing: $80,100
Support & Training:
2 owner/principals willing to remain in place
Reason for Selling:
Retirement planning
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Cortney Sells

Business Listed By:
Cortney Sells

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