Asking Price – $1,661,000
| Gross Rvenue | 4,170,000 | EBITDA | 739,000 |
|---|---|---|---|
| Location | Houston County, Texas |
A multi-decade architectural design practice in a major Texas metro, focused on state, local, and education (SLED). Revenue has grown from $1.2MM to a $4.2MM TTM run rate following a large bond-funded award, with over $10MM of contracted work in progress and not yet invoiced. Top district client relationships span 25–30 years and are under contract. Both owner principals intend to remain in project-delivery roles and are seeking a larger platform
Special Notes
- Owner Continuity: Both owner-principals are open to remaining with the business following a transaction.
- Contracted Work in Progress: The firm reports more than $10 million of awarded/open projects that have not yet been invoiced, providing meaningful visibility into future workload. Projects are generally billed based on percentage of completion with Net 60 payment terms.
- Working Capital: Approximately $423,000 of normalized working capital is contemplated in the transaction. The sellers are expected to retain excess cash and retire outstanding debt at closing.
- SBA Financing: Bankwell Bank has provided a preliminary SBA financing structure based on the $1,661,000 asking price, subject to buyer qualification, underwriting, credit approval, and customary due diligence.
- Certifications: The firm maintains Texas HUB certification as well as SBE, DBE, and MBE minority-business certifications, which can support access to public-sector and teaming opportunities.
Best-Fit Buyers
- Regional or National Architecture Firm: A larger architectural platform or integrated A/E firm seeking an established Houston presence, experienced staff, and immediate access to long-standing K-12 and public-sector relationships.
- Individual Architect: An architect who is ready to leave their existing firm to lead their own practice.
- K-12 / SLED-Focused Strategic Buyer: A firm seeking to expand its education, municipal, county, airport, or other public-sector portfolio through established relationships and a significant contracted project pipeline.
- Minority-Certified or Certification-Focused Platform: A buyer that can strategically leverage MWA’s HUB, SBE, DBE, and MBE certifications in public-sector procurement and teaming opportunities.