Architectural, Engineering and Legal Support Services

, Texas 7 views 0 favorites

Financial Highlights
Asking Price
$1,300,000
Revenue
$1,104,439
Business Description

When 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 expert witness representation in support of parties involved in legal disputes. 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 * Structural failure analysis Forensic Analysis has been a fast growing category over the last 25+ years consisting of the following: * Code/Regulatory review * Accessibility compliance * Litigation Support * Claim investigation 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. Litigation surrounding architectural and engineering projects is more and more common. Not only is it profitable, but there is little competition that can claim the same experience in this growing business segment. This firm was one of the early businesses of this specialized work. This is a great opportunity for an existing architectural, engineering, and law-related firms to broaden its practice in the Gulf Coast/Houston area or to expand their existing firm into this geographic area. Location: Houston, Texas Year Established: 1980 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 3,066 Rent: $5,365.00 Per Month Lease Expiration: 9/30/2022 Facilities: They are located on the 22nd floor of a professional high rise office tower and have been located there for over 35 years. Market Outlook/ 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 legal services and expert witness/litigation support; • Their record of exemplary results and client satisfaction and • They are debt free.

Business Details
Industry:
Beauty & Personal Care
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 14, 2022

Updated: 9 hours ago

Views: 7

Favorites: 0