Affluent Architecture Firm: Seller will carry 30%

This high-end architecture firm has a client base
consisting of builders, property owners, and business
owners who seek their expertise in creating high-end
spaces. Working on affluent residential architecture, this
firm specializes in custom architecture and interior
design with 75% of their projects being single-family
residential properties, 15% commercial projects, and
10% in condo/multifamily properties. They are focused
in neighborhoods such as Beverly Hills, Bel Air, West
Hollywood, and Santa Monica; the majority of their work
is concentrated in the Los Angeles area. The team
comprises three members, including a Project Manager
and two remote Administrative Support members. The
owner is active in the business and is seeking a
strategic growth partner. He would like to stay on board
for 3-5 years and has offered to carry or retain 30% of
the purchase price to show vested interest in the
continued success of the business post-close.
Priced at $690,000, this business comes with a nice
backlog! Growth opportunities include expanding into
global markets such as Saudi Arabia, Dubai, and China.
Venturing into these international markets can open up
new avenues for business growth and exposure