World craft studios Finances

Determining fee scales

-Calculations based on individual clients and projects
-Inclusion of performance bonuses (approx. 2-5% based on increased property value and additional property are)
Funding
1. Establishing world craft studios as a limited liable company (can be set up by an accountant or ourselves for 150200)
2. Business plan presented to bank illustrating: vision statement, target audience, prospective clients, market rates
(average architect earnings), wages, income, expenditure etc.
3. 50,000 loan granted in conjunction with a five-year repayment plan.
4. Industrial apartment part of business unit let annually for world craft studios for approximately 9000 annually.
Potential project income
Project

Project value

Fee%

Market
square
pavilion

15,000

5%

Probability of
winning %
80%

Probable fee

No. of years

750

6months

Probable fee
per year
750

Potential profit margins

Year 1: 20%-30% ( 200,000+)- Local projects working with council, Public spaces etc
Year 2-4: 40%-60% (400,000+)- expansion across U.K and globally as well as development of charity through our now
profitable funds.
Architecture market rates
1. The range of typical starting salaries after Part 1 (first degree qualification) is 15,000 to 20,000.
2. Typical salaries after Part 2 (second degree or diploma) range from 20,000 to 26,000.
3. The range of typical salaries after Part 3 (final exam leading to registration as an architect) or for those with
experience rises to 26,000 to 35,000.
4. Range of typical salaries at senior, associate or partner level are 35,000 to 80,000, or higher for some at senior
partner or director level.
Potential funding opportunities
Charitable organisation
VAT tax exemption
Marketing Budget
Expansion funds
Floating world craft studios on the stock market for expansion and increased funds for investment in 3-D printing technology
Maintain 51%+ value in world craft studios for majority control.