Description of the business for sale
Company is a full service Architectural firm focusing on the design of Schools and Universities in the State of Texas. Professional services include Architectural Engineering, Planning, ADA Review, Interior Design, Landscaping Design, Computer Generated Rendering and Project Management. The firm has 60 School District Clients and has completed over 260 school design projects in the State of Texas over the last 19 years. The firm has a strong reputation in the State and has strong relationships in this area of Architectural Design and Project Management.
GROWTH: There is significant opportunity with the growth of Universities and College Projects, Municipal Projects and Medical Facility Projects. Expand relationships with Integrated School Districts as there is significant school district expansion in the State of Texas.
COMPETITION: Although there are 26 different firms bidding in the State, there are only ten (10) actual players. The real competitors that focus purely on school districts in the State of Texas are; SHW, Dallas / Houston / Austin, $6.0 Million Hucklebee, Fort Worth, $6.0 Million Pfluger & Associates, Austin, $5.0 Million Claycomb, Fort Worth, $5.0 Million With over 260 projects completed, the firm has a strong reputation in the marketplace.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: 10% of Sale Price @ 10% Interest for 7 Years
• FF&E: $76,695
REASONS FOR SELLING: Burnout. Planning for retirement.
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Support / Training provided by seller
The seller will work for up to two years due to the size and complexity of a large pending project ($50,000,000 construction project).
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Description of the facilities
Office is a Suite in an Office Building. The Suite has 6 Offices, a small Lobby / Reception area and a Storage area and is 2800 Square Feet in size. The rent is $1,700.00 per month or $20,400 annually with a lease that renews annually.
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