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Thursday 24th of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£300,000

Architectural Practice Location: London Premium Advert

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THIS BUSINESS IS NOW UNDER OFFER
Further Details
ReferenceRef 2620 / RightBiz
Status
UNDER OFFER
Advert ID194886
LocationUndisclosed, London
SectorArchitecture Businesses, Construction Businesses, Commercial Properties
Leasehold Price£300,000
Annual Turnover£379,000
Annual Net Profit£149,000
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Key Features
  • Prime Location
  • Potential for Alternative Use
  • Fully Fitted
  • Accounts Available
  • Price Reduced
  • Attractive Business
  • Established Business
  • Company for Sale
  • Town Centre location
Key Data

•Architectural design and planning consultancy – primarily in the residential sector

•Full range of services – refurbishment, conversion and new build

•Approx. 60% repeat business from property developers

•Strong pipeline of work – months ahead. Plus a significant new contract recently signed.

•CRM system in place to monitor leads, timesheets and efficiency, and provide professional estimates.

•Excellent office infrastructure, networked server system with 8 PCs.

•Modern CAD software suite employed

Overview

The company can trace its origins to 2008 and is currently managed by the majority shareholder who wishes to dispose of the business to concentrate on other property development projects. With a very good network of professional contacts, excellent knowledge of planning policy and a strong relationship with building control firms this practice has a broad longstanding client base and around 72% of all new business coming from repeat business or referrals.

In addition to the owner there are 4 full-time architectural staff, including one fully qualified senior architect, plus a part-time office administrator.

The business is located in serviced offices allowing easy expansion or relocation if required.

Guide Price £300,000 for a full company disposal to include all physical assets, WIP and a comprehensive handover.
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