GTA Architecture with focus on Condos

Being 20+ years established, this GTA Architecture firm is focused on High Rise Residential Condos (80%), and Industrial (20%). This would be the perfect opportunity for someone that already owns an architecture firm who is wanting to grow their practice. 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. Current ownership is planning to stay for 5 years to operate the architecture side of business but feels that he has reached his limit in managing the business side of the firm and is looking for new ownership to expand on the foundation that he has created. With a highly educated and experienced team of 4 architects, 3 architecture techs they are producing excellent work in the commercial, residential, industrial, and interior sectors. 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 low. 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. There is an option for the seller not only to provide a 10% Vendor Take Back, but to also provide a 15% Equity Roll. 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.