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Multi-Location Architecture Firm – Nearly $17M in Sales for sale in PA

United States
Professional and technical services
Company Data
Top 10%
Business Overview
About the Company
With over 80 employees in place, this multi-location architecture firm’s owners will stay on board for 2-10+ years! Established in 1973, the business has a 3-year average cash flow of $2.7M and a 16% average profit margin. Serving regionally in Pennsylvania, Delaware, New Jersey, and Maryland, the firm specializes in in architecture (75%), interior design (20%), and landscape architecture. The majority of their client base is in the private sector, with a significant portion of those being developers for individual corporate clients and higher education. Their highly skilled team of many long-tenured employees includes the 7 owners, 20 Registered Architects, 6 Senior Architectural Designers, 20 Intern Architects, 14 Interior Designers, 2 in Landscape Architecture, and 9 Operations Associates; all staff members serve firm-wide functions. The owners have identified five future leaders of the firm, as well as additional staff who they believe have the aptitude to grow into leadership roles in the future. The firm is known for providing top-notch architecture and design services in the area for 47 years. Due to the diversity of the market sectors they serve, they fared exceptionally well in 2020 compared to some of their peers who are more specialized. Their 2020 revenue nearly matched 2019, and with the help of a PPP loan that was 100% forgiven, they were able to maintain their staff level with no reduced hours or furloughs. Priced at $11,750,000, there is immense growth potential through a smaller bolt-on acquisition, and a new owner could expand the market share in healthcare and senior living. The current owners want to establish an economically sustainable model for the purchase of shares from the three principals who will reach retirement age within the next 3 to 7 years. A sale could also provide the opportunity for enhanced growth.
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