business for sale

Recruitment Consultancy (Healthcare)

Businesses for Sale

Sale Memorandum

Recruitment Consultancy (Healthcare)


Ref.CE063

Location London

Asking Price £ 300,000

Confidential offered for sale

Turnover Circa £800K

Asking Price Includes
Reputation for reliability
Successful range of services
Consolidated contracts
5 years of successful operations
Un patented technical know-how
Trusted and respected name
Excellent opportunity to grow
Good profit margins
Established client base
Training and handover
Computer system
Significant 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 is young and was founded in 2003 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality of its service and candidates supported by well regarded reliability.
The business operates from a prime location in the London and specialises in providing recruitment services to clients who include NHS and Private organisations with a requirement for doctors fulfilling both full time and locum posts.
The vendors have invested considerably from the outset of business operations, in the establishing of a robust offering in this sector; which at first differentiated the business from its competitors but since has become a business with a considerable reputation for quality and service.
The business is further supported by a growing reputation among professionals for candidates seeking new opportunities; which has helped to ensure that client service is never compromised and that they are never let down. This commitment to representing only the highest calibre candidates to clients has underpinned this business’s abilities in service quality and rapid business growth.
Customer Service
The business manages many key accounts and does so, on a placement by placement or needs basis. The success of the business is founded upon its history of satisfying client needs sometimes in extraordinary circumstances.
Key strengths
The business is an organisation where the business owner has, over time developed and nurtured a reputation capable of assuming credit for successful business operations, effectively reducing the burden of client relationship management and its success from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.

The business is well established and profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for some time.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient placements and its candidate quality as a clear means of recall for clients.
Key opportunities
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.

Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient business.
Premises
The business is located in an easily accessible area in London that includes storage capacity and administrative offices.
The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon.
Advertising and marketing
The business has used relevant advertising in the past choosing well known medical journals and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. This advertising has been combined with a website detailing services and candidates and direct marketing to decision makers in organisations from this business’s extensive database of all doctors and hospitals in the UK.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Growth and Expansion
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
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 business is financially stable with no borrowings, low overheads, positive cash flow, steady gross and net profit and has shown consistent growth over 5 years trading.
Sales revenue is circa £800,000 per annum and the vendor feels that a new owner with new ideas and with a small investment in marketing the business could dramatically increase its revenues.
Employees
The business currently employs two full time recruiters who together with the vendor are responsible for day to day activities.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for sale
The business is for sale as a result of the vendors’ wish to emigrate.
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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