RIBA Chartered Architectural Practice in Bristol

Bristol, Somerset
REF: INT1796

Asking Price:
£55,000
Annual Turnover:
£48,196
Annual Net Profit:
£35,966
REF: INT1796
Photo of RIBA Chartered Architectural Practice in Bristol
Photo of RIBA Chartered Architectural Practice in Bristol
Photo of RIBA Chartered Architectural Practice in Bristol
Photo of RIBA Chartered Architectural Practice in Bristol

Overview

Tenure:
Leasehold
Established:
1983
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential

This is a unique opportunity to acquire a RIBA chartered architectural practice, which provides a variety of services and is ideally situated in Bristol.

The practice was first founded in 1983 and has operated successfully over the years. The current owner first joined the practice in 2001, before going on to purchase the business in 2006. Under the present ownership, the business has continued to gain a loyal, repeat client base and build up an excellent reputation for their high-quality services.

The practice maintains a diverse range of skills to meet customers’ requirements, including site assessment, master planning, estate strategy, briefing, space planning, interior design, architectural illustration, computer-aided draughting, CDM coordination, and much more.

Their solid reputation has been built through their excellent work in the residential, commercial, and healthcare sectors. Since 2016, the company has completed over 150 commissions, working with clients, such as Samaritans, Nailsea & Backwell RFC, Abbeydove, and more.

Their considerable, returning client base comprises University Hospitals Bristol and Weston NHS Foundation Trust. Alongside this, the practice currently has 18 jobs on their books, accounting for over £100,000 (+VAT) in total fee value. Therefore, there should be plenty of trade for the new owner.

The company has a PI insurance policy in place to cover the practice for negligence claims up to £1,000,000, as well as Public and Employer’s Liability insurance, both for £5 million. With huge potential for growth, this would be the perfect opportunity for a RIBA-qualified architect or a larger architectural firm in the area.

The current premises are ideally placed in an affordable office in Hotwells and have space for four workstations and a meeting area.

They pay rent on a temporary licence basis (£820/per calendar month + internet) for the excellent facilities and services, but this arrangement can easily be terminated by either party with a month’s notice. The rent includes the use of a kitchen and larger meeting room, as well as reception telephone answering and message taking. Furthermore, the building is shared with a structural engineering practice, which has proved highly beneficial, as they have worked together for a number of clients.

The practice has a Canon Image Runner photocopier, which prints, copies, and scans up to A3 size. They also have three relatively new networked PCs. Software includes AutoCad-Lt 2006 and 2017 (on subscription with the latest release of Revit-Lt), full AutoCad 2004, and full Revit 2009.

The current owner is happy to offer an initial transitional period.

This would be the ideal business for a RIBA-qualified architect, who is a sole trader like the current owner. Additionally, the business would be brilliant as a bolt-on opportunity for a larger firm, which is looking to benefit from the well-known and long-established name of the company.

There is huge potential for growth with this business, as there is a massive opportunity for the new owner to continue expanding and shaping the business as desired, using the long-term and well-known name and reputation of the company.

It could also be a brilliant idea to develop the company’s online presence. The business already has an easy-to-use website, and a blog is currently being developed. It may be beneficial to create some social media channels. They already regularly receive enquiries through the RIBA ‘Find an Architect’ service, as well as from estate agents Maggs & Allen and many word-of-mouth recommendations.

Features

Key Information

  • Services Offered: Architecture
  • Geographical Area Covered: Bristol

Online Presence

  • Blog: Yes

Website: www.jiaarch.co.uk/

Location

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  • Office Based
  • City Centre Location
  • Close to Local Businesses
  • Nearby Car Parking
  • Good Transport Links

Property

Annual Rent
£9,848
Annual Rates
TBC
Lease Term (Years)
1
Lease Expiry (Years)
2021
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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