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Commercial and Industrial Recruitment Agency

Businesses for Sale

Sale Memorandum

Commercial and Industrial Recruitment Agency


Ref.CE068

Location Hampshire

Asking Price £ 495,000

Confidential offered for sale

Asking Price Includes

A well-established and highly profitable recruitment agency.
A speedy, careful, selective service for candidates.
Leasehold Office, furniture and equipment
Reputation for reliability and responsibility.
Established Blue Chip client base.
Excellent business opportunity.
Complete Turnkey Operation.
Training and handover.
Excellent reputation.
Computer system
Prime Location
Advertising
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This business was purchased from its founding proprietor in 1999. Since when it has flourished under the guidance of it’s present owners, growing year on year and enjoying consistent growth and strong financial performance. It has achieved an excellent reputation for supplying reliable and competent staff on both a temporary and permanent basis to the commercial and industrial sector in a twenty mile radius from its base.
Situated in a high profile location in a retail unit in a key shopping area it is positioned just 300metres from a main feeder road giving excellent access for both existing clients and prospective candidates.
The core client base is the SME sector based on a multitude of local industrial estates in the area. However it also enjoys ongoing relationships with the local District Council and a major Blue Chip company based in the locality.
The business is an active member of a highly respected trade association with approximately two hundred members, which aggressively networks both its client and candidate database. This stimulates a significant amount of additional business and helps to maintain both continuity and consistency of service levels.
The business provides a unique, straightforward and high quality service that is adaptable to suit the individual needs of clients. In short a complete employment service tailored to meet individual staffing requirements. The Company places only the most suitably qualified candidates and offers the highest quality of service at cost effective rates.
Key Opportunities: There are opportunities for further expansion that could include expansion of the company by a new management team, and by further development of the client base. With a strong demand for services and capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base.

Key Strengths: This well-established consultancy with minimal local competition. It has an excellent reputation for providing a quality service, constantly gaining new referrals and repeat business from all its clients. The business is an active member of the local chamber of commerce. By remaining small and independently run, the business delivers an efficient and personalised service. Clients are always guaranteed that they are able to speak to the same team individual, with all their requirements dealt with promptly and efficiently.
All potential candidates are thoroughly vetted and rigorously tested before they are put forward to clients. The client base is a varied portfolio of established high quality businesses that regularly use the company services.
Premises: Open 5 days a week, the prominent location and reputation of this agency has been responsible for high levels of repeat business. The offices are well equipped and attractively furnished and cover an area of approximately 450square feet. It includes a reception area plus two offices. The database has been designed using Microsoft development tools and uses Microsoft Outlook as its e-mail system. It is an ASP Internet based solution used to match client’s requirements with suitably skilled candidates. The system can be accessed from any PC with Internet access. The unit also benefits from having windows on three sides giving a significant ability to advertise current positions to passing shoppers and job seekers.
Advertising and Marketing: The business views existing clients as their best advertisers, and has surpassed growth expectations by the large number of referrals from both candidates and clients. Each consultant has individual business development objectives involving mail shots, follow up phone calls and personal visits. The strength is always based on the relationship that is established and maintained with the client. The annual advertising budget gives local Yellow Pages exposure, and is used for on going website development benefiting both clients and candidates.
Financial profile:
The business is being offered for sale on a going concern basis. Last year's turnover was in excess of £690,000 per annum.
This is a highly profitable organization; all financial discussions will take place directly between the vendor and the interested parties when an appropriate level of interest has been established.
They will take place under the auspices of Turner Butler.
Employees: This is a small, effective, and close-knit team of highly experienced professionals. It consists of one receptionist, and three recruitment consultants. The Directors work both on and in the business.
Support and Training: The owner will provide full business familiarisation and training.
Reason for Sale: The owners have additional business concerns on which they have decided to concentrate their joint skills and abilities.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

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