business for sale

Specialist Niche Market Recruitment and Employment Agency

Businesses for Sale

Sale Memorandum

Specialist Niche Market Recruitment and Employment Agency


Ref.CE084

Location East Midlands

Asking Price £1,600,000

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:


Turnover £2.6 Million per annum

Experienced recruitment knowledge for Eastern Europe

Legal Licensed operator of transportation for temps

Significant goodwill

Business profile:

This successful business is an established dynamic niche recruitment agency that specialises in supplying temporary contract labour to food production and other industries
and which has experienced outstanding success since it's inception. The company are involved in a variety of unskilled and semiskilled related work for the industrial sector.

This business is very well established and was founded in 1990, since which time it has grown to become a significant enterprise with a reputation for the quality of its service and reliability. Fully approved under temporary labour working code the company also has a full national operators licence for PSV minibuses to transport the contract labour to the place of work, this legislation and licensed services are more often associated with bigger players. The company is an experienced ‘master vendor’ operator with onsite co-ordinators.

The team have particular expertise in recruiting foreign workers from Poland through recruitment advertising and interviews in Poland and have earned an excellent reputation for their specialist knowledge. With foreign workers already in the UK the move to develop this company was deliberate. The opening up of the EU has led to the opportunity to recruit from low wage economies.

Historically, this business has added value through this market knowledge and its unique approach within its specialist areas. Having established itself as a leader in these fields and in response to the successful application of its methods to client needs, a unique and bespoke recruitment service has evolved.

Market knowledge is one of this business's key strengths and the company has long established relationships with many major customers of more than 6-8 years standing respectively, this generates a high percentage of repeat business.

The business have developed an impressive service aimed at understanding individual requirements for both clients and candidates, providing the very best solutions to recruitment needs and has established the contacts and the reputation to ensure a highly individualised, personal service.
Customer Service:

This business is committed to providing a tailored, individual service that maximises efficiency. The success of the business is founded upon its history of satisfying client needs sometimes in extraordinary and rapid circumstances.
The management team is a group of select professionals with considerable experience and knowledge, exceptional interpersonal skills and the ability to cross cultural barriers. Their commitment to developing long-term partnerships is at the heart of their client service philosophy.

Key Strengths:

This consultancy has a large database of candidates and companies for search and selection processes, and has an excellent reputation for speedy service. Fully computerised the business has invested in a recruitment software system that enhances the productivity of both the individual and the team. The strong team at the agency has excellent client relationships and fully integrated relationships with customers along with a reputation for niche expertise and a specialist quality service, constantly gaining new referrals and repeat business from major clients.

Very performance orientated this independent agency operates with good management and has on-site co-ordinators and extremely lucrative margins.

Key Opportunities:
This business offers a tremendous opportunity for growth and expansion with further development of the food production market and the driving division offering wonderful opportunities in the up-turning market for the ambitious new owner. The Company has a very strong base/history from which to develop further business and has an established market place that always provides opportunities due to the nature of its technological advancements.
With a strong demand for services further investment in developing the Polish connection would help the company to grow through partnership. A new owner with drive and energy would also contribute fresh ideas and outside influence to build on an excellent base.
The company would be a useful vehicle that would enable an existing company to obtain connections in Eastern Europe and to diversify into another recruitment industry.
Premises:

The offices are leasehold and have the potential for company expansion in the future if required. The rent is currently £15,000 per annum. The current lease expires in December 09.
Advertising and Marketing:

The company is highly credible and continually advertise through Yellow pages, trade magazines and direct sales force, local press, direct mail, leaflets and brochures and telesales. The best form of advertising is recommendation; a high percentage of the business's revenue is word of mouth recommendation bearing testimony to the excellent reputation it has throughout the industry.

The business has a professional informative web site that has performed well, with tangible and profitable business being forthcoming.
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. The current turnover is in excess of £2.6 Million per annum with a net profit including dividends of £210,000.
Employees:

The company employs eighteen people in total in the front office, accounts, payroll and credit control and including a full & part time mini bus driver.
Support and Training:

The owner is more than willing to nurture a new owner operator into the business in order to ensure a smooth transfer is achieved. They are happy ensure the successful purchaser is fully conversant with the operation of the business in order to continue its success.
Reason for Sale:

Having spent time developing this business into the successful operation it is today the vendor now wishes to pursue other business 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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