Looking for a buyer.
This architectural firm is established in two locations – there is a main office space in Tulsa, Oklahoma and a second office space in NYC. Serving a 100 mile radius around NYC and a larger radius in Tulsa, this firm is regionally based and has chosen to become an expert in three architectural areas: higher education (30%), K-12 education (30%), and multifamily (30%). The remaining (10%) of work is allotted to miscellaneous projects. This expertise allows the firm to win projects even when pitted against national firms, and as a result the firm is booked out with work through 2022, and is currently scheduling work in###-###-#### There are 24 staff members, including the two owners. The employees include a CFO, a marketing director, programmers, planners, and interior designers. There are also architectural interns. All employees are full-time and experienced. As a demonstration of faith in the business, 10% seller financing and 15% equity roll is being offered. Both owners will stay on until retirement as the new owner comes on, with one owner staying for 3+ years and the second owner expecting 7+ years. Strong growth opportunities also exist, with only 1% of the OK school district market tapped and a lot of room for winning more multifamily contracts. Another opportunity exists in expanding the NY office. In 2019 the firm closed their Charleston office, which brought in high revenue but had a negative profit margin. Since then the firm has focused on increasing efficiency and staying regional, to great success

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