Award Winning Architectural Practice For Sale

Business description

This business was founded in the mid 19th century and has successfully traded through the years, retaining its position as the market leading Architectural Practice in its community and surrounding area’s. It now has an enviable reputation for the quality and flexibility of its service as well as its professionalism, which has helped it win various awards in recent years.
The business operates from a prime location just off a High Street in a busy Town in Fife. Many current customers have been loyal to the business for many years and this has been due in no small part to the business’s competitive prices, first class service and attention to detail.

The business has always believed in the pursuit of excellence, installing technology such as PowerCad and Sketchup, as well as relying on the more skilled traditional methods of Architecture.

The business has shown itself to be resilient in the face of competition and the impacts of economic downturn and has maintained consistent trading in recent years. The business is further supported by exemplary relations with a network of contractors who have helped to ensure that whatever the project, customers always come first.

No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position.
Equipment:

As you would expect this business uses the latest Apple Mac’s loaded with up to date software, including but not limited to PowerCad and Sketchup. There is also an extensive library of publications and a substantial back catalogue of designs and drawings.

Client Service:

The business manages many projects at one time and has the systems, processes and people to ensure that both productivity and customers’ expectations are satisfied. High quality service, with flexibility, honesty, reliability and good value, every project is important and clients always come first. The result is self evident in the business’s sustained level of repeat business and profitability.

Key Strengths:

The business owner has developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.

The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers from various sectors including new housing, home extensions, commercial buildings, educational buildings as well as work to Listed Buildings The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility and a willingness to help.

Key Opportunities:

This is an outstanding opportunity to build on the existing services and customer base of this company. A new owner could easily exploit the sound reputation the business has earned over its many years of trading, underpinned by recent projects of the highest order. A new owner contributing fresh ideas and investment in resources and marketing will have every advantage of building on an excellent platform.

Financial Information:

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.

The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and a balance sheet of circa £50,000 excluding the cash.

Sales revenue is circa £240,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.

Property information

Property:

Leasehold

Lease terms:

The annual rent and rates are approximately £16,000.

Location:

The business is located in an easily accessible area just off the High Street of a Town in Fife.

The premises are Leasehold and are superbly appointed and represent the professional qualities and service the company has built its reputation upon. The annual rent and rates are approximately £16,000.

Other information

Competition / Market:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

The business is for sale as a result of the vendors’ wish to retire.

Trading hours:

The business operates during regular office hours, Monday to Friday between 9.00am and 5.00pm.