| (REF: CR169 ) Highly Respected Architectural & Building Design Business |
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| Seller Reference: |
CR169 |
| B4S Reference: |
23270 |
| Asking Price: |
£195,000
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| Net Profit: |
£90,000 |
| Sales Revenue: |
£140,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Sussex, South East England, United Kingdom |
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This highly profitable and respected architectural design business was established in the 1980’s by the vendor of the company in a small side office of a local estate agent. Since those beginnings the company has built an exceptional reputation for quality of work and an approachable and unique service to many hundreds of clients. Currently conducting around 30 projects at any given time, the business handles plans for new builds, extensions, conversions and alterations. With revenue split around 80% in favour of domestic work, and 20% for commercial projects. Clients have included developers, building contractors, property maintenance companies and public house & hotel chains as well as many private clients. The practice covers a wide area of work across the South East of England, with a constant level of new enquires. The company has enjoyed the busiest period of its 30 year history in the last 12 months, providing an excellent base for further growth.
The Architectural practice tends to compete with small self-employed Architects, although none of whom offer the same brand, approachable service or presence in the local marketplace. The vendors of the business have prided themselves on their ability to work directly with clients offering guidance, advice and a bespoke professional design service. Concentrating on the quality of the traditional hand-drawn designs which are appreciated greatly by customers offering a greater level of detail and warmth to their design plans.
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Property: |
Leasehold |
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Lease Terms: |
The business is operated from a leasehold self contained shop unit. The lease is on flexible terms with the landlord, with minimal notice period. Overall the premises occupies circa 720 sq ft, with a large shop front reception area to meet clients and complete drawings. To the rear is a design office and print room / archive area . In addition there is a staff toilet and small kitchenette. Annual rent is circa £7,200 inclusive of bills, with business rates payable circa £2,400.
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Current Rent: |
Annual rent is circa £7,200 inclusive of bills, with business rates payable circa £2,400. |
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Living Accommodation: |
No |
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The business gains over 50% of revenue from regular repeat clients. There is a high street shop front presence which is well known in the local community and enquiries from advertising in Yellow Pages and Thomson Directories, although the majority of work is undertaken from recommendation and referral. |
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The business name and reputation is well known in the marketplace and across a wide geographic area. The unique friendly shop-front approach to architectural design services has proven very successful and is ripe for further expansion either by opening new premises directly or franchising the name and business methods. It should be noted that the original business was established over 35 years ago in another town in the South East. This business still operates under the same trade name, and there has been shared business and referrals between the two firms over the years, although there is no formal agreement in-place or sharing of finances. The services offered by the firm can also be expanded to include longer time-frame contract work, CAD designs, and site supervision project management services. The marketing could be expanded with a corporate website and direct promotion to building contractors, other owners of multiple sites such as hotel and pub groups and a wider geographic area of private clients. |
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The team of staff are agreeable to a period of training and handover with the option of a longer term consultancy agreement if that is of interest to all concerned. |
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The founders of the business are looking to enjoy a well earned retirement, and hand the business over in excellent shape for the next generation to capitalise on. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday – Friday: 9:30 – 5:30 pm |
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The business is currently operated by a three way family partnership, with a large base of professionals from within the industry to call upon when needs arise. Some of these relationships have been in place for many years, and the vendors believe they can be expected to continue under new ownership. |
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