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RIBA Chartered Architectural Practice for Sale in Bristol, Established 1983

Undisclosed, Bristol
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RIBA Chartered Architectural Practice in BristolRIBA Chartered Architectural Practice in BristolRIBA Chartered Architectural Practice in BristolRIBA Chartered Architectural Practice in BristolRIBA Chartered Architectural Practice in BristolRIBA Chartered Architectural Practice in Bristol
  • Status

    FOR SALE

  • Date Submitted:

    26/11/21

  • Advert ID

    286667

  • Reference

    INT1796 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £49,995
  • Turnover: £48,196 (£927 Per week)
  • Net Profit: £37,903 (79% Profit margin)

Business Details

RIBA Chartered Architectural Practice in Bristol


    This is a unique opportunity to acquire a RIBA chartered architectural practice, which provides a variety of services and is firmly established near the centre of Bristol.

    The practice was founded in 1983 and has built up a valuable client base in several key sectors. The current owner joined the practice in 2001, before going on to purchase it in 2006. Under the present ownership, the business has continued to develop a loyal, repeat client base and built up an excellent reputation for its problem-solving and high-quality design services over the past 40 years.

    Diversifying the portfolio, by adding value in the residential, commercial, and healthcare sectors, has created a very resilient mix.
    The practice has undertaken around 1,000 commissions so far, with an impressive 150 of these completed since 2016, working with clients like Babcock, Samaritans, Cardiff City Council, Fowlers of Bristol and many more. The firm is also well experienced in preparing Listed Building applications. Predominantly, clients are based in the South West, but current projects are also located in Hampshire and Suffolk.
    The practice offers a diverse range of skills to meet customers'
    requirements, including site assessments, feasibility studies, master planning, briefing, space planning, building design, technical research, contract administration, CDM principal designer - and all those associated with a traditional architectural firm.

    Their considerable, returning client base includes University Hospitals Bristol and Weston NHS Healthcare Trust together with several commercial developers and many private clients. Alongside this, the practice currently has 20 active jobs on its books, with an estimated 6 months of work in the pipeline and new job enquiries coming in on a regular basis.
    Therefore, it would ideally suit an architect or ambitious RIBA Part II, possibly working currently in a larger practice, wishing to grow their potential and run their own business.

    The present owner is happy to offer a structured handover period to introduce the new proprietor to existing clients and explain the intricacies of the practice, if this is required.

    The practice has virtual office premises in a listed building in a Georgian Square in Hotwells, which has a bookable meeting room.
    Telephone calls are answered in the host reception and transferred to JIA on an internet connection.

    They pay £30/per calendar month for these services + £30/session for use of the meeting room, but the arrangement can easily be terminated by either party with a month's notice.

    The practice owns a Canon Image Runner photocopier, which prints, copies, and scans up to A3 size in colour or b/w. They also have three networked PCs. Software includes AutoCad-Lt 2006 and 2017, Sketch-up Pro 2020, full AutoCad 2004, and full Revit 2009.

    The company has a PI insurance policy for negligence claims up to £1M and P&E Liability for £5M.
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    Stay Safe

    Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

    Stay Safe

    The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

    Stay Safe

    Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

    Stay Safe

    Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

    Stay Safe

    Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

    Stay Safe

    Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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