Full-Service Architecture Firm Looking for Partner

This Canadian Full-Service Architecture firm would be the perfect opportunity for someone that already owns an architecture firm and is wanting to grow their business. The current owner asks that the buyer already be the owner of an architecture firm as he is looking for a partner to further the business through effective and targeted marketing in the future. Currently, the majority of their business (80%) is focused on high rise condos, an area in which this company has seen immense profit and potential for more. Established in 2000 this firm has been able to build a strong client base over the past 20+ years. Current ownership is planning to stay on and handle the majority of the architecture side of business, but feels that he has reached his potential in growing the business side of the firm and is looking for new ownership to expand on the foundation that he has created. He would plan on staying on as either a minority partner or principal holder. With a highly educated and experienced team of 4 architects (including seller) and 3 architecture techs they are ready to take on commercial, residential, industrial, and interior projects. With this well established and dedicated team they are able to design the project from start to finish including everything from the foundation of the project to the interior of the completed building. The team has a well-established and excellent reputation in the Toronto area which has allowed them to increase their revenue to a projected 2022 revenue of over $1.8 million, which is nearly more than $800,000 higher than pre-pandemic levels! Growth opportunities for new ownership moving forward include expanding marketing tactics, expanding on current partnerships and excellent reputation, and expanding revenue focus to grow other types of projects which the business already has the capacity to handle. The office this firm is currently operating out of is a 2,500 sq. foot space. Priced at $1,200,000, this is an incredible opportunity for a new owner to step in and focus on recruiting and business development, while partnering with the current owner to expand. Most clients are obtained through word-of-mouth referrals and are often repeat clients, proving this firm’s commitment to listening and working collaboratively with their clients throughout the projects. This partnership will result in more work being sought after and more projects brought into the fold, giving great potential for increased revenue and business expansion.