Business Overview

In private practice since October 1989, this small architectural firm has focused on providing quality architectural service custom tailored to the needs of a varied clientele. They have extensive experience with residential architecture and have worked on camps in the Adirondack and Catskill regions of New York State as well. They have worked with home owners to create the new home of their dreams as well as remodel, add on, convert, and restore existing structures. They team up with builders to provide design services for their customers and work with developers and real estate professionals to design market niche production housing. At this small architectural firm, they practice the art of combining building form and function into a cohesive whole that is just right for you. This is a small enduringly profitable architectural firm based in the Hudson Valley in NY. The owner is transitioning to retirement and looking for a young architect to train and transition the business. For more detailed information, please contact listing agent Thomas Vondell at 845-389-2599 or email tomvondell@fcbb.com.

Financial

  • Asking Price: $282,000
  • Cash Flow: $104,059
  • Gross Revenue: $178,166
  • EBITDA: N/A
  • FF&E: $21,493
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1989

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:900
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 900 square feet with a Total Monthly Rent of $950. Seller is active in the business with 2 PT employees. Hours of operation are 9am-5pm Mon-Fri. $21,493 in FF&E included in asking price. An Architecture License is required.

Is Support & Training Included:

Six (6) months

Purpose For Selling:

Retirement preparation

Additional Info

The venture was started in 1989, making the business 33 years old.

The business has 2 PTE employees and is located in a building with approx. square footage of 900 sq ft.
The property is leased by the company for $950 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or an array of other factors. This is why it is extremely vital that you not depend absolutely on a vendor's word, however instead, make use of the vendor's answer together with your total due diligence. This will repaint an extra reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in new customers? Often times, companies have repeat consumers, which develop the core of their day-to-day earnings. Certain elements such as new competitors growing up around the location, roadway building, and also employee turn over can influence repeat clients and adversely influence future profits. One important thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the better the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local average home income influence future earnings potential?