Full-Service Architecture Firm Specializing in Residential Condominiums

The owner of this full-service architecture firm is looking to merge with a new partner in the industry. To this end, he has offered to stay with the business for 5 years after purchase and is willing to offer 15% equity roll and 10% vendor take back making a combined 25% carry even though the industry average is 10%. 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. This architecture firm is focused on High Rise Residential Condos (80%), and Industrial Buildings (20%). Having been established for over 20 years, this Toronto based firm has an extremely experienced and educated team of 4 architects and 3 architectural technologists. 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. The office is currently operating out of is a 2,500 sq. foot space which helps keep overhead costs low while effectively offering their services to local developers, engineers, and general contractors. Priced at $1,175,000, 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.