business for sale

High Volume Recruitment Agency

Businesses for Sale

Sale Memorandum

High Volume Recruitment Agency


Ref.CE058

Location Bristol

Asking Price £820,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking Price Includes
Well established and highly profitable recruitment agency
Two miles from motorway network feeding the South West
Ideally situated One and a half miles from city centre
A speedy, careful, selective service for candidates
Substantial number of major company contracts
Reputation for reliability and responsibility
Established Blue Chip client base
Office furniture and equipment
Excellent business opportunity
Complete Turnkey Operation
Training and handover
Excellent reputation
Computer system
Prime Location
Advertising
Goodwill

Business profile:

The present owners established this business in 1999. Since when it has grown year on year due to its consistent ability to provide clients with a superior level of service and a high quality level of job applicant sourced from a large and well filtered database.

Its physical location is an additional success factor. It is located in a residential area with a high level of retail activity just one and a half miles from the city centre. The Motorway network (M4 and M5) is within three miles, prospective candidates from all over the South West are able to find the offices with ease.

Operating across the wide spectrum of recruitment the business is based on old-fashioned values, these have earned it an excellent reputation for supplying reliable and competent staff on both a temporary and permanent basis. Office administrative staff, Sales, Marketing, Telesales, Pickers, Packers and Fork lift drivers all form part of the wide ranging job briefs that they successfully fill.

The business aims to match candidates' career aspirations to rewarding positions, and by investing time getting to know clients they make sure that only correctly qualified applicants are put forward for job vacancies.

With many years of experience in the field of recruitment the staff are all highly experienced professionals, chosen for their expertise, knowledge and ability to meet clients staffing requirements. The Company places only the most suitably qualified candidates and offers the highest quality of service at cost effective rates.

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 separate businesses staffing requirements.

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. There are wonderful opportunities in the up-turning market for the ambitious new owner.
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 within the Bristol region has an excellent reputation for providing a quality service, constantly gaining new referrals and repeat business from major clients. Those clients include contracts with Motability Finance, Bristol City Council. The Fire Brigade, The Chamber of Commerce, British Aerospace, DHL, DTZ, The GPO Parcel Line, and many others.

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 of consultants, 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 ground floor offices are well equipped and attractively furnished, There is ample room for expansion provided by two large offices on the second floor which could easily be converted into accommodation if required.
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.
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.

The last year's turnover was in excess of £900,000 per annum with a gross profit of circa £340,000.

The premises are owned by the vendor and are valued at £360,000. These may be purchased or leased depending on the requirements of the purchaser.
Employees:

All staff employed by the Company are highly experienced professionals.
Support and Training:

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

The owner is expanding his portfolio of properties and developing other commercial opportunities
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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