Architects Practice In The South Midlands For Sale

Business description

Turner Butler is delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This practice has been grown organically over the last 35+ years by the owner, who had extensive generic previous experience. The practice is soundly profitable and growing, and offers a full service from inception to completion. Although the practice undertakes work on a variety of different building types, they specialize in the conversion of redundant buildings to alternative uses, work to buildings listed as being of historical or architectural value, high quality domestic projects and commercial and industrial work.

The practice has experience in a wide range of project types and it enjoys the benefit of much third party referral and recommendation for their work on listed buildings. Quality of design and contract administration has built the practice a well earned reputation, and this has led to the practice receiving very high levels of planning approvals with local councils.

The practice is also a member of the Royal Institute of British Architects, and indeed is highly respected chartered practice within the said organisation.

Throughout its longevity the practice has developed an enviable client base of blue chip clients which has never ceased to grow.

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”.

Equipment:

The practice owns and maintains a range of office equipment in the pursuance of their day to day business. It is intended that this inventory will be included in a sucessful sale package.

Customer Service:

The careful attention to detail the practice has 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 owners direct involvement in all projects, plus the practices renowned 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.

Property information

Property:

Leasehold

Lease terms:

Current yearly rent is coming in at circa £ 15,000 with rates coming in at circa £ 7,000 per annum.

Location:

The practice operates from very attractive fully serviced premises of approximately 900 square feet in a conversion of similarly old buildings in a rural location. The current lease expires in December 2009 and is thought to be renewable by the new owner if required.

Current yearly rent is coming in at circa £ 15,000 with rates coming in at circa £ 7,000 per annum.

Other information

Competition / Market:

The owner has 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.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

This is a genuine retirement sale which provides an excellent opportunity for a new owner.

Trading hours:

Monday – Friday: 8.30am – 5.00pm