Annual Revenue: $1,018,055
Net Cash Flow: $409,270
Location: New Jersey
This well-established business has been in operation for more than 25 years. The company offers architectural and expediting services to clients throughout the five boroughs of New York City with long-tail contracts. The owner has built and maintained a reliable client base through referrals and repeat clients only, with an average of 50 new projects annually over the past 3 years, and consistent revenue of $1M for the past three years.
Architectural services include site visits, programming, schematic design, design development, and documentation. Expediting services, including code and zoning compliance, are offered to other design-professional agencies and clients.
The architectural services market is expected to reach a CAGR of 4.5%, during the period 2021-2026.
Outreach to the development community in New Jersey would present a new area of opportunity since the business does not operate extensively in the state. In addition, the owner’s collaborative relationship with industry players and the company’s expertise with rules and codes gives them a competitive edge that is a gateway to expansion.