This architectural firm was founded over 2 decades ago by the current owner. 2017 cash flow to owner is traveling above $270,000. The owner is retiring and fully understands that he may need to assist the Purchaser for an extended transition period if necessary. The firm actively works on over 20 Continuing Service Contracts which will continue through December 2019, totaling 3.2 million in company revenue. In addition to the Continued Service Contracts, the firm currently has 40 plus active projects bringing in revenues of over 2.5 million during the following 36 months. Multiple proposals are bid each month for Continuing Service Contracts and the active project pipeline. Over the past 20 years, this firm has built a strong reputation for itself resulting in a large referral base business. This firm is known for their experienced and knowledgeable staff, reliable service, and top-notch, innovative work.
The business has been prequalified for a government backed loan with a Purchaser’s down payment of 75,000. The loan includes $80,000 in working capital.
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