RIBA Chartered Architectural Practice in Bristol
£22,500
£38,746
£26,790
Overview
Relocatable
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 including residential, commercial, and healthcare, creating a very resilient mix. 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, which now date back 42 years.
The practice has undertaken around 1,000 commissions so far, with an impressive 300 of these completed since 2016, working with clients like Babcock, Samaritans, Cardiff City Council, Unite Students 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.
The practice currently has a dozen 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 is currently operating online with Teams meetings with clients or face to face in serviced office space. 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 valuable 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. Regularly receive enquiries through the RIBA ‘Find an Architect’ service and 'The Green Register' as well as many word-of-mouth recommendations from previous customers.
Features
Key Information
- Services Offered: Architecture
- Geographical Area Covered: Bristol
Online Presence
- Blog: Yes
Location
- Office Based
- City Centre Location
- Close to Local Businesses
- Nearby Car Parking
- Good Transport Links