RIBA Chartered Architectural Practice in Bristol

Bristol, Somerset
REF: INT1796

Asking Price:
£49,995
Annual Turnover:
£48,196
Annual Net Profit:
£37,903
Featured
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 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.

The current office premises are ideally placed in a listed building in a Georgian Square in Hotwells, which has space for four workstations and a meeting area.

They pay rent on a temporary licence basis (£855/per calendar month + internet) for the excellent facilities, 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. The building is shared with a structural engineering practice, which has proved highly beneficial, as they have worked together for a number of mutual clients.

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.

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.

The company is set up as a sole trader business due to accountant advice - 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
£10,260
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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