Santa Fe High-Profile Interior Design Firm for Sale

Santa Fe High-Profile Interior Design Firm for Sale

Price: $685,000

Location: Santa Fe & North Central Region, New Mexico

Industry: Building Trades, Interior Design

Listing ID: N210

This Santa Fe-based interior design firm creates spaces that nurture, inspire, and enliven. A force in the design/build community for over 20 years, this full-service studio is typically engaged with 20 projects at any given time. The income represented by each project generally ranges from $250,000 to $350,000 with the upper end being the norm. Industry watchers project that the remodeling industry will experience a 10% surge as the economic recovery strengthens.

New Mexico does not require an interior design license to practice in the state. New owners will enjoy the support of a talented team made up of an operations manager, two skilled designers, and other staff members. Committed to seeing the business thrive into the next chapter, the Seller is also offering to stay on up to 12 months or longer for a reasonable salary.

The business’ strong communication and project tracking systems enhance the business’ efficiency, keeps everyone on the same page, and allows staff to step into any project as needed.

Financials are based on the average of the last three years, including 2021 Annualized.

Revenue

  • 2019: $1,484,966
  • 2020: $1,408,411
  • Jun-2021: $1,124,695
  • 2021 Annualized: $2,249,390

Cash Flow

  • 2019: $328,920
  • 2020: $241,031
  • Jun-2021: $249,343
  • 2021 Annualized: $498,687

Set in the Sangres de Cristo Mountains, Santa Fe is New Mexico’s political and creative capital. With a vibrant residential design/build community, it has become a hub for the built environment. Santa Fe is home to numerous museums, fine art galleries, performing art organizations, and internationally recognized art markets. This rich cultural milieu combines with four-season outdoor recreation, and a memorable sense of place to make Santa Fe a top second home and retirement destination for high net-worth individuals.

Listing Details

Revenue: $1,714,256

Cash Flow: $356,213

EBITDA: $248,213

FFE: $17,392 (Included in Price)

Real Estate: (Not Included in Price)

Form of Ownership:

LLC

Reason For Sale:

The Seller is ready to move into semi-retirement, but may pursue non-related interests.

Training & Support:

The Seller will negotiate a mutually acceptable training and transition phase. The Seller is offering to stay on in a senior design capacity up to 12 months. During this time, she will introduce Buyers to key contacts, help transition important relationships, and collaborate with new owners on projects.

Operation

Year Established: 1998

Year of Last Acquisition: 1998

Days & Hours of Operation: Mon - Frid

Owner Hours Per Week: 40 hours

Employees: 3 FT, 2 PT

Managers: 1

Location

Lease Option: Yes

Monthly Rent: 5225

Square Footage: 3300

Facilities Information:

The studio operates out of a serene environment that exemplifies the firm’s commitment to creating functional, beautiful spaces. It represents over $100,000 in leasehold improvements and build-out. Many furniture and furnishings sales are conducted right out of the showroom. The office enjoys a prominent, accessible location.

Summary

Competition:

A strong portfolio of high-profile projects, numerous awards, and a vibrant online presence contribute to this studio’s prestige. Santa Fe is home to only a handful of established interior designers who operate in the upper tier residential and commercial market, and this studio’s longevity makes it a stand out. While it can be challenging for a new firm to gain a toehold in this market, these designers have formed a mostly supportive and respectful community. Known for its client centric approach, well-honed project management, and excellent vendor relationships, this business provides the next owner with a strong, established, and profitable position.

Potential Growth:

This studio’s reputation takes it well beyond the state, with engagements ranging from California to the Pacific Northwest and beyond. The Seller has several cutting-edge and innovative ideas that will introduce ancillary income streams and further burnish the studio’s reputation.

Michael Greene

info@samgoldenberg.com
505-820-0163
Address:
126 E. De Vargas Street, Santa Fe NM 87501

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