~ Rare opportunity to purchase an architectural firm with an international legacy
~ Either a group of starting architects or an active architectural practice would want to maintain the current owner’s name, as part of the new firm’s D.B.A. for marketing purposes.
~ A young architectural firm with some experience in health work would be the ideal buyer. However, this is not a requirement.
~ This firm was in the top 100 firms in health work nationally, twenty years in a row.
~ The seller’s business has been considered one of the top creative firms nationally.
~ The owner, because of his age, has considered retirement. However, since his creative design talent is still in demand, he has entered into semi-retirement.
~ In recent years, because of his desire to semi-retire, the workload of the firm was held in check to prevent growth.
~ An individual provisional patent awarded to the owner is now receiving interest from several institutions and developers here in the United States, from Jordan, and from China. It would provide for an opportunity to build certain facilities at a 25% cost savings and at a project completion rate 40% faster than normal.
~ The seller wishes to maintain their 5,300 sq. ft. office space in an historic downtown building. It is fully equipped for 18 architects. Amenities include use of a fitness facility, gym, running track, and swimming pool. A private outdoor terrace, accessible from their fourth floor offices, overlooks the city.
~ The seller has over fifty years of national and international experience in urban planning, master planning, programming, and architectural design for healthcare facilities, arenas and sports facilities, museums, justice facilities and underground residences.
~ A new owner will be able to capitalize on contacts which the seller has developed as a result of his longstanding reputation for unusual creativity.
5,300 sq. ft. facility with free parking. Amenities include use of a fitness facility, gym, running track, and swimming pool. $5,000/month lease includes utilities.
~ The seller’s national and international contacts and reputation will be invaluable to whoever acquires the firm. ~ The firm is currently under contract for a project that is scheduled to begin late in 2017 and total approximately $7.5 million in constructive value.
The seller is semi-retired and will eventually want to fully retire.