Architecture Firm with 20+ on Staff – Owner will stay 3 years

Business Summary:
This architecture firm provides B2B services tocorporate clients in the hospitality, entertainment, andsenior living industries throughout Toronto. The firm hasbeen established 30+ years and boasts a team of 21employees, including a CFO, general manager, 9registered architects, 4 technical draftsmen, and 3architect interns. They also have 3 contract architectswho handle overflow work as needed. Services includeinterior styling, architecture, and design management.Although they primarily serve the Ontario metropolitanarea, they have performed work in the US in the past.The owner have very limited billable hours in thebusiness, providing team and project management asneeded. The sellers are seeking a new owner due tosuccession and retirement planning, but to help ensurethe ongoing success of the company, the owners areoffering an extended transition period of 3-4 years.With the purchase, a buyer would also receive over$480,000 in working capital and all the equipment andsoftware needed. 2023 displayed an incredible profitmargin of 64%! The price of $7,800,000 CAD includes a15% seller promissory note alongside a 10% equity holdto show good faith in the continued success of thebusiness post-close.