Architectural, Engineering and Forensic Services

Houston, TX

Seller Financing Available

New Bank Design
Sale Pending
Cash Flow:$419,244
Rent:$5,365/Month
Gross Revenue:$1,102,815
Established Year:1980
BUSINESS DESCRIPTION

This business is currently under an exclusive Letter of Intent. If you are interested in being notified on it's status once the exclusive period ends, please respond to this add and you will be placed on our list to be notified if it comes back on the market.

The Owners are anxious to sell and are open to reviewing offers. The founders of this architectural/engineering firm met at college freshman orientation, little did they know that together they would launch a business that would span 4 decades and remain successful and financially profitable through the ups and downs of many different economies. The firm opened its doors in 1980 and is still owned, managed, and operated by the original founders.

The Company has done exceptionally well the last two years, in spite of the Covid outbreak. For the year 2021 they were fully recovered with revenue and cash flow back to pre-covid levels.

Both owners are aware of their importance to the success of the Company and retention of clients. As a result, one or both are willing to stay on for up to two years or possibly longer if need be. They are also willing to provide full-time services through either a consulting or employment agreement at a negotiated rate less than their current compensation.

The firm is a general practice design firm, located in central Houston. The practice serves a variety of project types, including commercial, institutional, and residential projects. The principals have a wide range of architectural and engineering experience and skills which have enabled them to expand their practice over their 40-year history. They also offer due-diligence inspection services, remedial design services, and forensic analysis reports.

The company’s services break down into 3 general categories: Architecture, Structural Engineering, and Forensic Analysis services.

Architectural Services consist of the following:
* Planning and due-diligence
* New residential design
* Residential remodeling design
* Commercial design
* Institutional design
* Historic preservation
* Construction Administration

Engineering Services consist of the following:
* Structural design
* Forensic failure analysis

Forensic Analysis has been a fast growing category over the last 25+ years consisting of the following:
* Code/Regulatory review
* Accessibility compliance


The Company’s current client base comes from a large number of sources. They attract clients from the general public, commercial developers, new home builders, remodeling service companies, state and local government agencies and law firms, just to name a few.

The most exciting and expanding source of business comes from the forensic analysis services the company provides. This is a very high volume and low cost service to provide. Not only is it profitable, but there is very few competitors that can claim the same experience in this growing business segment. This is a great opportunity for existing architectural and engineering firms to broaden its practice in the Gulf Coast/Houston area or to expand their existing firm into this geographic area.


ATTACHED DOCUMENTS
NDA.docx Download
Buyer Profile.doc Download

DETAILED INFORMATION
Location
Houston, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,066
Lease Expiration
30/09/2025
Employees
5
Facilities
They are located on the 22nd floor of a professional high rise office tower and have been located there for over 35 years.
Competition
The company has very distinct advantages in the marketplace: • They have been operating successfully for 40 years; • The Company has a long history of excellent service and results; • Their unique business model, especially the emphasis on forensic reports; • Their record of exemplary results and client satisfaction and • They are debt free.
Growth & Expansion
Further expansion of the legal/litigation support services.
Financing
Sellers will consider carrying a portion of the selling price for a qualified buyer.
Support & Training
The owner will train the buyer for the agreed to transition period at no additional cost to the buyer and will consider additional training on negotiated terms. The owners are aware that it is critical to have a smooth and seamless transition to keep a sale they are willing to negotiate an extended transfer period of two to three years, as needed.
Reason for Selling
Owner's have reached retirement age and are ready to move on.
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Brad
Tait
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Brad Tait