business for sale

Niche Market Recruitment Specialist

Businesses for Sale

Sale Memorandum

Niche Market Recruitment Specialist


Ref.CE061

Location South Hampshire

Asking Price £975,000

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
Situated in unique premises within easy reach of all major transport routes
Substantial number of NHS and major company written contracts
A highly selective, top quality recruitment service for clients
Reputation for reliability and responsibility
Permanent and part time placements
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
Negotiable Lease

Business profile:

This business was established in 1989 by its present owner. It specializes in supplying the corporate market and the National Health Service with top quality Medical Secretaries, Personal Assistants, Administrative Staff, and Receptionists on a part time and full time basis. Its candidates and clients are drawn from a wide catchment area including Winchester, Southampton and Basingstoke.

This is not a high street operation and potential candidates are intensively screened prior to being accepted on the books of this highly successful business. Mediocrity is not an option and the client base has come to expect only the very best from this agency. Clients and job seekers are treated alike, hence the high level of repeat business and ongoing commercial relationships.

The business matches 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. This is not a “numbers game” and compromise is not acceptable. Placement opportunities will be declined if the directors feel that they don’t have the correct quality candidate for the position.

With many years of experience in the field of recruitment, the staff are highly experienced professionals, chosen for their expertise, knowledge and ability to meet clients staffing requirements.

Key Opportunities:

There are opportunities for further expansion that could include extension 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 and stable base.

Key Strengths:

Niche market
Rigorous selection of both client and candidates
No compromise policy
Qualified and time served staff
Written contracts
Extensive database
Investors in technology
Uniquely situated premises

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.

Technology:

The business has a fully networked PC system. A specialist recruitment package is utilised and Tempaid covering Payroll and Sales Ledger. Sage is used for the accounts.
Premises:

Open 5 days a week, the unique location and reputation of this agency has been responsible for high levels of repeat business. The premises contain two offices covering 450 square feet with a further 110 square feet of shared accommodation
Advertising and Marketing:

The company has to advertise for candidates as opposed to clients and does so by actively utilising its extensive database, requesting referrals and marketing its abilities in the Hampshire Chronicle
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. It is important to note that this company is unique in the number of written contracts it has to supply staff to Primary Care Trusts, NHS Trusts and Hospitals.

The last year's turnover was in excess of £1,226,000 per annum with a gross profit of circa £258,000.
Employees:

There are two directors and two long serving members of staff, a fifth member of staff is actively being recruited.
Support and Training:

A negotiated hand over period will be available to ensure a smooth transition.
Reason for Sale:

The founding director has decided to retire.
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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