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Leading NYC Interior Architecture and Design Firm

New York, NY

Seller Financing Available

listing image
Asking Price:$1,500,000
Rent:$9,488.88/Month
FF&E:$18,661
Gross Revenue:$1,577,148
EBITDA:$450,000
Established Year:2004
Listing ID: 1988542Listing provided by BizBuySell
BUSINESS DESCRIPTION

Completely turn key business comes with full dedicated staff, great recurring cash flow, fantastic customer base, huge growth potential and owners will provide plenty of transitional support. Perfect as a bolt-on to an existing firm or for a new owner who wants to take over a thriving design and architecture business.

This is an architectural consulting firm providing professional and technical services for interior architecture and design to corporations, professional service firms, financial institutions, not-for-profit organizations, as well as fitness, retail, government, and hospitality facilities. Responsible for over eight million square feet of space and over several hundred individual projects for various clients. Considered leaders in the area of interior architecture and design.

Specializing in relocation, expansion and renovation projects, which have included public and support spaces such as lobbies, auditoriums and cafeterias as well as build-outs for offices, libraries, hospitality, fitness, television/radio studios and other highly technical areas.

Subscribing to the adage that “design is in the details,” their combined experience of over 65 years also substantiates that design resides more so in the coordination and administration of a project. For it is only through the vigilant oversight of these project phases that the selected design, an evolution of focused and resolute planning, can be successfully implemented. The firm's level of involvement during the construction phase of its projects is lauded by both clients and contractors alike. It is a value-added service by a dedicated group of architects and designers who truly care about the work they put their name to.

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DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,300
Lease Expiration
31/10/2022
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Centrally located one-block from Penn Station, the firm's office was designed as a rectangular, open studio environment, with the Senior Principals’ beliefs in an ‘open door’ policy taking physical form in the absence of doors, or even full-height partitions. The staff works among the 16 generously sized tandem benching workstations in the studio, which also contains an open, informal 3-person meeting table and reception desk.
Competition
Centrally located one block from Penn Station. Name recognition and reputation as a leader in their field.
Growth & Expansion
Some business growth could be obtained by registering someone in the office as a Certified NYC Special Inspector and seeking firm accreditation by the International Accreditation Service, Inc.
Financing
Cash at closing.
Support & Training
Willing to assist the new owner(s) in a relationship management role with its existing client base, for a period not to exceed two years from date of sale.
Reason for Selling
Retirement
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Michael
Caruso
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Michael Caruso
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