Acclaimed Mid South Architectural Firm Creates Spiritual Landmarks

Located in the heart of the Mid South, West Tennessee

Asking Price: $2,500,000

Cash Flow: $692,000

Gross Revenue: $1,600,000

Business Description

Founded in 1957, this second-generation architecture firm is renowned for creating welcoming spiritual structures and spaces of great beauty throughout the United States, which are destined to become landmarks.
Careful research in concept and style influences has consistently yielded custom projects conceived to serve generations. Stewardship in terms of project cost during development and construction has similarly enhanced the firm’s reputation for excellence. This innate passion, skill, and experience has consistently delivered results— and incidentally attracted national accolades.Weighted cash flow based on 3 years’ tax returns 2018-2020: $691,480.
2020 EBITDA from returns $683,345
NOTE: P&L through 11/30/2021, shows almost $1,100,000 cash flow for 2021!
EBITDA (from P&L) projected at $749K for 2021Of nine total employees including the principal, two other licensed architects, a Director of Operations and and three designers (working on their AIA certifications) concentrate 95% on the design of churches and non-profit institutions, and the remodel and beautification of existing spaces. Over the course of their 60 years, the firm has designed over 300 such projects across the United States. The firm’s Financial and Business Manager for many years uses her keen business sense to help maintain excellence in the profitability of the work, by keeping focused on accurate fee proposals, billing and financial management.
The principal, who is willing to remain for up to one year to assist in transition, is currently licensed to practice in sixteen states and is NCARB certified, allowing for reciprocity in other states.

This listing was added 02/02/2022

The Listing Broker

Bill Oates

901-412-3429