business for sale

Franchised Recruitment Agency

Businesses for Sale

Sale Memorandum

Franchised Recruitment Agency


Ref.CE105

Location Staffordshire

Asking Price £ 50,000

Confidential offered for sale

Asking price includes:

Inherited established Blue Chip client and candidate bank
Excellent High Street location close to public transport
Sole franchised agency in the local area
Low overheads and running costs
Contact data base of circa 12,000
Office furniture and equipment
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 franchised recruitment business commenced trading in 2006, and is run from an excellent high street location providing permanent and temporary skilled and none skilled staff through to executive placements.

The franchise agency was established June 2006, and provides a first class service for pro-active recruitment solutions across a broad spread of business, tailored to clients needs.

Recruitment is very much a 'people' business, providing advice and practical support to clients. This agency is expert in good all round matching and ensures clients receive a friendly, professional and courteous experience.

The experienced staff are always on hand to advise and help with employment needs. The office benefits from an automated client, candidate and consultant management system that enables effective candidate/client sharing and sourcing through recruitment software.

The franchised package provides, accounts package and payroll system. All the furniture and equipment is owned and a full inventory will be supplied for the new purchaser.

The position of the office has established additional business through passing trade. The business prides itself on their personal approach to clients and is regularly contacted by new clients who have received recommendations about their services.

Customer Service:

This local franchised agency is fully computerised and open five days a week to provide clients with a friendly fast and cost-effective service.

The business recognises that speed is of the essence when it comes to replacing a valued member of staff. This is achieved using traditional recruitment methods and an honest and personal approach.

Key Strengths:

The client base is a varied portfolio of established high quality employers from town centre businesses and industrial estates who regularly use the company services.

As the only franchised agency in the local area, this has meant the business receives many registrants for placements.

Key Opportunities:

There are a number of opportunities to increase turnover, the business would benefit from a more experienced management team and by further development of the client base. More staff and a sales and marketing campaign would allow a greater concentration into the graphical area it serves to maximise sales and profitability

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.
Premises:

This property is located on an established high street in a very pleasant area close to all amenities, and benefits from a high volume of passing traffic.

The office is open 5 days a week and has a reception and interviewing area and private office space.

The premises are leasehold, rent is circa £8,000 per annum.
Advertising and Marketing:

Trade magazines, direct sales force, local press, trade awareness, direct mail, leaflets and brochures, linked to the franchised internet and the finest form of marketing, word of mouth recommendation are used to advertise and market this business.

The company has a corporate website address registered in the Company name which has been in existence for twenty years, there is no doubt that turnover and profits would increase using this additional medium.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover estimated £80,000.

The business has an excellent financial track record, and there an excellent 3 year plan prepared by the current to develop the business continuous projected growth to be achieved over the next three years.
Employees:

The two regional directors owners are responsible for all aspects and of the business, and the day-to-day management of the business.
Support and Training

The owner will provide full business familiarisation, training and handover.
Reason for Sale:

The owner has recently accepted a major opportunity that the business is placed on the market as this is now proving too time consuming.
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

Next steps

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