Architectural services
The services of architects are needed in the construction industry. So, if you are an architect and looking towards becoming your boss, it is normal for you to offer architectural services.
The best and most profitable construction business ideas are just like services in the construction industry. To earn good money from this type of business, you must network with stakeholders in the construction industry and visit construction sites to market your services. The truth is that if you are thorough in your job delivery, then you will get referrals from your clients.
With architecture skills, you can start an architectural business. It is a lucrative business which demand your knowledge, time and to market it to have network with stakeholders. You can also visit construction site to gain many contracts. If you want to become your boss, start with this good project.
Executive Summary:
Our architectural firm aims to provide innovative, sustainable, and cost-effective architectural services to our clients. Our team of experienced architects, engineers, and designers will work closely with clients to understand their needs and deliver creative design solutions that meet their goals. Our services include site analysis, conceptual design, 3D modeling, construction documentation, and construction administration. Our target market includes residential and commercial clients, developers, and government agencies. Our competitive advantage lies in our ability to provide high-quality architectural services at an affordable price.
Market Analysis:
The demand for architectural services is driven by population growth, urbanization, and economic development. The global architectural services market size was valued at $305.3 billion in 2020 and is expected to grow at a CAGR of 4.4% from 2021 to 2028. The growth is mainly attributed to the increasing need for sustainable and energy-efficient buildings, which aligns with our firm’s core values. The market is highly competitive, with many established players and new entrants. However, our focus on quality, affordability, and sustainability will help us stand out from the competition.
Service Offering:
Our firm will offer the following architectural services to our clients:
- Site analysis: We will conduct a thorough analysis of the site to determine its suitability for the proposed project. This includes analyzing the site’s topography, soil conditions, environmental factors, and zoning regulations.
- Conceptual design: We will work with clients to develop a concept for their project that meets their functional and aesthetic requirements.
- 3D modeling: We will use advanced software to create detailed 3D models of the project, enabling clients to visualize the final product and make informed decisions.
- Construction documentation: We will prepare detailed drawings and specifications for the construction of the project, including building materials, structural elements, and mechanical systems.
- Construction administration: We will oversee the construction process to ensure that the project is built according to the plans and specifications.
Marketing and Sales:
We will use a multi-channel marketing approach to reach our target market, including:
- Digital marketing: We will create a professional website, optimize it for search engines, and use social media to promote our services.
- Referral marketing: We will establish relationships with other professionals in the industry, such as contractors, real estate agents, and interior designers, who can refer clients to us.
- Print advertising: We will use print media, such as local newspapers and magazines, to reach potential clients.
- Trade shows: We will attend industry trade shows to showcase our work and network with potential clients.
Financial Projections:
We estimate our startup costs to be $150,000, which includes office rent, equipment, and employee salaries. Our projected revenue for the first year is $500,000, with a net profit of $100,000. We expect our revenue to grow by 20% in the second year and 15% in the third year, resulting in a net profit of $225,000 by the end of the third year.
Conclusion:
Our architectural firm aims to provide innovative, sustainable, and cost-effective architectural services to our clients. With our experienced team of architects, engineers, and designers, we are confident that we can meet our clients’ needs and deliver creative design solutions that exceed their expectations. We are committed to providing high-quality architectural services at an affordable price and look forward to becoming a trusted partner for our clients’ projects.
Here’s a projected income statement for the architectural services business in Africa for the next three years:
| Year | 1 | 2 | 3 |
| Revenue | $600,000 | $720,000 | $828,000 |
| Cost of Goods Sold | $300,000 | $360,000 | $414,000 |
| Gross Profit | $300,000 | $360,000 | $414,000 |
| Operating Expenses | $150,000 | $180,000 | $207,000 |
| Net Income | $120,000 | $144,000 | $166,200 |
Assumptions:
- Revenue growth rate of 20% in year 2 and 15% in year 3
- Cost of goods sold estimated to be 50% of revenue
- Operating expenses estimated to be 25% of revenue
- Net income calculated as revenue – cost of goods sold – operating expenses.
