Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Full Service Architects Practice
LISTING DETAILS
Firms For Sale ID:
29205
Vendor reference:
CR111
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£220,000
Turnover / revenue:
£210,000
Net profit / cashflow:
£120,000
Years established:
20
Trading hours:
Monday Friday: 8.00am 6.00pm (Variable at times)
Number of employees:
3
OTHER DETAILS
Reason for selling:
The partners are due to retire in the next year or two and are now actively seeking a suitable new owner to benefit further from their work and reputation.
Support and training:
All necessary support and training required during handover will be supplied as part of a successful sale package.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Leasehold premises with rent of circa £12,000 per annum, plus VAT. Rates are circa £3,800 per annum.
BUSINESS DESCRIPTION
Full Service Architects Practice
Ref.CR111
Location Middlesex/Surrey
Asking Price £ 220,000
We are delighted to offer this business for sale.
This practice has been grown organically over the last 20 years by the two partners who have extensive previous experience. The practice is profitable and growing, offering a full service from inception to completion, majoring on projects with emphasis on sustainable, contemporary architecture, with conservation work making up a high percentage of their other project base.
The practice has experience in a wide range of project work and enjoys the benefit of being recommended by the local council for work on listed buildings. Quality of design and contract administration has earned the practice a well earned reputation, ensuring many referrals and repeat work.
The practice is also a member of the Royal Institute of British Architects, The Architects Registration Board, and the Chartered Society of Designers.
The acquisition of this practice will appeal to a diverse section of the construction industry;
i.e. A recently formed practice that requires a firm base in order to expand
or An existing practice looking to expand that requires a well established and expanding client base.
or A multi disciplinary organisation in the construction industry looking to acquire a well established architectural arm.
Market / Competition / Non-Competition Agreements
The partners have never felt the need to advertise or market the practice overtly, as they have always enjoyed sufficient flow of projects from the previously mentioned referrals. However, the business has developed and maintained an Internet website.