For Sale Price: SOLD - $299,000

Profile

Description:

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 metres 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.

Financials

For Sale Price: SOLD - $299,000

Long financials: 3 Years

Turnover: $1,450,000

Net Profit: $180,000

Period: Annually

Broker

Broker:

Rad Benicky 0411 610 005

To express interest in this business, please complete this Register Interest form and we will contact you.

Confidentiality Agreement

For a detailed business profile complete this Confidentiality Agreement:

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Provider of Confidential Information:

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Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Level 13, 465 Victoria Avenue, Chatswood NSW 2067
Phone (02) 9413 2977 Fax (02) 9413 3818 Email: [email protected]

Recipient of Confidential Information:

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Name*

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Type of business you are interested in buying?*

Acceptance

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Permitted Purpose*

Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

We accept this confidentiality agreement

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Signed by the recipient named above in accordance with section 127 of the Corporations Law:

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General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
(a) Which is or comes into the public domain, except information that is or becomes so because it has been disclosed without authority; or
(b) Which is lawfully known to you before the date of this agreement; or
(c) Which is or becomes available to you from another person who is in possession of it lawfully and can disclose it to you on a non-confidential basis; or
(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

3. Indemnity
3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
5.5 This agreement is governed by the laws of New South Wales. You and we submit to the non-exclusive jurisdiction of its courts and courts of appeal from them.
5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

We means the provider named on page 1.
You means the recipient named on page 1.

NOTE: Agreement hereto confirms that I have read and accepted the terms.*

I have read and accepted the terms

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Broker:

Rad Benicky 0411 610 005

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Sold - Architectural Practice - Based in Sydney - For Sale