Healthcare
Architectural & Interior Design Firm North East
Gross
Income: $4,500,000
EBITDA: $1,100,000
Established: 1993
Business Description
The
Company specializes in architecture services, interior design, and project
management for premier healthcare and institutional facilities throughout the
Northeast US. Typical projects include facility expansion and redevelopment,
critical care unit design, major equipment planning and installation, building
renovation, interior design, facilities master planning, and other
architectural and interior design services. Additionally, it partners with
engineering, healthcare, and other architectural service firms on numerous
cooperative projects. The Company maintains long-term client relationships, and
has a total customer base of approximately 40 current accounts, 100% of which
are recurring. Historically, 80% of total revenue was from repeat business. Its
long-term client relationships cover a span of 5 to 25 years, with projects of
varying sizes completed. It currently employs 17 full-time employees that
operate from two geographically separate office locations of 3,700 and 5,500
square feet.
Growth & Expansion:
Forces
Impacting Healthcare Infrastructure: Includes the continued aging of the ‘baby
boomer’ population and the requirements of the Affordable Care Act. Both
necessitate that healthcare providers fully utilize their facilities and real
estate in order to stay competitive and accommodate added demand efficiently.
This and the acquisition of many physician practices by healthcare systems completes
the paradigm shift in the way healthcare is provided, puts added pressure on
limited facilities and will result in a continued need for the renewal of
healthcare facilities well into the future. Service Strategy: Based on current
healthcare trends to consolidate physician office and ambulatory space into
multi-specialty centers, the firm has developed a unique documentation approach
that is based on space and finish standards, which allows healthcare clients to
promptly develop facilities of a consistent quality and look, in limited time
especially on projects within leased spaces. Because this approach is based on
detailing standard room types, details and finishes, project drawings are
completed swiftly since the bulk of time is spent only documenting the
exceptions to those standards. The firm has successfully marketed this approach
to existing and new healthcare systems clients, physician practices and
healthcare developers and it now forms a key part of its future marketing
strategy.
Support & Training:
Management
will remain through transition: The Company’s officers are willing to stay
through the transition period, and would consider remaining with new management
for a period of one to five years. Company officers may consider a minority position
within the new ownership, if offered.
To receive more information Please click here for Non-Disclosure agreement e-mail or fax the executed
document to our attention, we will submit the offering upon receipt of your
signature, your corporate or personal bio as well as the list of your most
recent acquisitions.