Sold - Architectural Practice - Based In Sydney - For Sale

Sold - Architectural Practice - Based in Sydney - For Sale

Turnover $1,450,000 per annum plus GST;

Adjusted EBITD $180,000 AFTER all salaries to vendors;

Excellent office set out of 310 square meters plus four (4) car spaces;

Excellent and experienced staff structures in place with key personnel with 10 to 30 years-service;

Established 1987 and is exceptionally well known and respected;

PRICE: $299,000

High-rise apartment towers;
Medium density townhouses and villas;
Shopping centers;
Industrial developments;
Commercial and Retail Mixed-Use developments;
Child care centers.

The business is privately owned and has been established for 35 years. It is currently run with 2 (husband & wife) vendors, one who is an architect and a team of ten staff, who have an excellent work ethic and work well as a team with between 10 and 30 years with the firm.
The business name is extremely well known and respected by clients which have included:

Aland
Australand
BATHLA
Dyldam
Holdmark
Jasara
Landmark
Lend Lease
Meriton

Key Features include:
• A trusted and recommended Architectural practice established in 1987;
• They have an incredible history, award-winning designs and an expertise in Class 2 developments;
• The current 2 vendors still operate in the business and are prepared to remain in the business to ensure a smooth handover and transfer of goodwill over a negotiated period;
• Known as a “market leader” for expert knowledge in the “high rise, medium density” field within the industry with excellent and superior ability in this area;
• Fully licensed and Professional Liability and Public Liability Insurance is in place;
• Experienced staff and contractors who are all self-sufficient;
• Excellent systems in place which enable new staff to pick up and establish contact with clients in a short time;
• Excellent blue chip client base with a long history of loyalty- mainly well-known developers and builders;
• Outstanding history of growth and stability - tax returns available for due diligence;
• Excellent software systems in place, to keep the operations transparent and allow management to have daily transparency of the key performance measurements;
• All staff are experienced in REVIT software and modeling systems;
• Four (4) car parking spaces at Ground Floor Level and offices are located on Level 3 of a unique building of three stories on a three-street frontage in Parramatta.