Interior Design and Planning Agency with Passive Owner

Focusing on interior architecture with commercial clients, this company has more than 220 condo, hotels & restaurant projects under its belt. They mostly focus on condos and hospitality; they are also able to take on diverse projects in the commercial and industrial field. With an affluent client base, the current owner of this profitable Boston based design and architecture firm is willing to stay on for 2-4 years to help ease transition and is offering to carry 20% of the purchase to show good faith in the future success of this firm. Established in 1989, this architecture and design firm serves New England, the Middle East and the Caribbean. The firm’s work is recognizable from Times Square to Saudi Arabia, and they’ve built a high reputation world-wide. The current owner is a newlywed, looking to sell this business so he can move out of state in order to live with his wife. The owner does not do any drawing or CAD work but oversees strategy and interfaces with key employees though he has limited client interaction as he is only there three days per week. This Business has an established team consisting of 1 Design Director, 1 Senior Designer, 1 Senior CAD Designer, 1 Designer, 1 Purchasing Agent, 1 Junior Designer, 1 Renderer, and 1 Bookkeeper. The Office space has an open design for work, a private conference space, kitchen, bathroom and storage in the basement with a lease of $5,800/Month. The Fair Market Valuation of this business is $1,506,777 with a selling price of $995,000. The current owner has agreed to this discounted rate as the owner recently got married and would like to live closer to his spouse who is out of state. Priced at $995,000, this is a business opportunity with outstanding growth potential.