Full Service Middlesex Architects Practice For Sale

Business description

We are delighted to be able to offer this business for sale to the market. It has never been offered for sale before, and represents a rare opportunity for a knowledgeable new owner(s).

This practice has been grown organically over the last 17 years by the two partners who had extensive experience previously. The practice is profitable and growing and offers a full service from inception to completion. They major on projects with emphasis on sustainable, contemporary architecture, with conservation work making up most of their other project base.
The practice has experience in a wide range of project types and it enjoys the benefit of being listed and recommended by the local council for work on listed buildings. Quality of design and contract administration has built the practice a well earned reputation, and this in turn leads to their receiving 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 looking to obtain a firm base from which to grow.
or An existing practice looking to expand into this area and acquire a well established and expanding client base.
or A multi disciplinary organisation in the construction industry looking to acquire a well established architectural “arm”.

Customer Service:

The careful attention to detail the partners have placed on customer service has led to the healthy position where most of their business now comes from direct recommendation and is therefore unopposed.

Key Strengths:

Key strengths are the partners direct involvement in all projects, plus their creative design optimising the potential of sites and buildings.

Key Opportunities:

A new owner will derive the benefit of a large client database achieved and extended over the years of personal recommendations.

Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease terms:

Leasehold Premises: 1 year remaining on current 3 year lease (renewable for a further 3years)

Rent : £12,000 approx. plus VAT

Rates: £3,800 approx.

Location:

The practice works from a fully serviced ground floor office in a prominent village type location close to the river and good transport links.

Leasehold Premises: 1 year remaining on current 3 year lease (renewable for a further 3years)

Rent : £12,000 approx. plus VAT

Rates: £3,800 approx.

Business Operation

Competition / Market:

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 which is currently subject to further development.

Reasons 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.

Trading hours:

Monday – Friday: 8.00am – 6.00pm (Variable at times)

Employees:

The practice currently employs three members of staff including the two partners.

Other information

Support & training:

All necessary support and training required during handover will be supplied as part of a successful sale package