Santa Fe Design/Build Firm - Established, Profitable, Prestigious

26 Mar Santa Fe Design/Build Firm – Established, Profitable, Prestigious

Posted at 15:02h in by Michael Greene

Price: $625,000

Location: Santa Fe & North Central Region, New Mexico

Industry: Building Trades, Residential Remodeling

With a focus on the upper end residential market, this boutique design/build firm has demonstrated expertise in historic renovations, ranches, and estate properties. An integrated, multi-disciplinarian process provides clients with a cohesive vision, consistent communications, and effective oversight of all project aspects.

Personal referrals and repeat clients produce the majority of the firm’s business. Without any marketing or advertising, the firm currently has approximately $3 million-worth of projects on the books and the potential for an additional $2 million in client engagements.

This is an excellent opportunity for an up-and-coming general contractor, interior designer, or other professional in the design/build discipline with a General Contractor’s license to step into a reputable, profitable business, take advantage of existing demand, and enter the booming Santa Fe market with an established, prestige position. A strong crew and subcontractor relationships are in place.

Listing Details

Revenue: $1,741,119

Cash Flow: $339,262

EBITDA: $209,300

FFE: $40,000 (Included in Price)

Real Estate: (Not Included in Price)

Form of Ownership:

Corporation

Terms and Conditions?:

Buyer will need to have a General Contractors License or access to someone who does.

Reason For Sale:

Retirement.

Training & Support:

Seller will provide up to three weeks of full-time, on-site training as well as consider a three-month consulting arrangement thereafter to ensure a successful hand-off of client and subcontractor relationships.

Operation

Year Established: 1996

Year of Last Acquisition: 1996

Days & Hours of Operation: Monday - Friday, 8 am - 5 pm

Owner Hours Per Week: 40 hours

Employees: 6 FT, 4 PT

Managers: 1

Location

Security on Lease: Yes

Lease Option: Yes

Monthly Rent: $2,000

Square Footage: 1250

Relocatable?: No

Facilities Information:

Stylish and serene office that demonstrates the firm’s commitment to quality craftsmanship and design.

Summary

Owner Qualifications:

This is a position that is well-suited for someone who is either a seasoned building trades professional or in an earlier phase of his or her career. The new owner will need to hold a General Contractor’s license or hire someone who does. A new owner will ideally have experience with project management, client communication and sales, and be willing to learn the bidding and proposal development process.

Competition:

This business has a strong referral network, an impressive portfolio of work developed over the last quarter century, and is currently having to turn away potential projects.

Potential Growth:

Taking over the client, subcontractor, and project management will increase the studio’s capacity to handle more projects. Other opportunities to grow the business can be discussed upon receipt of an NDA.

Financing/Terms:

This business is pre-qualified for SBA financing provided that a Buyer has experience in the residential design/build field and has a General Contractor’s license or access to a partner or key employee who holds this license.