business for sale

Successful Recruitment Company

Businesses for Sale

Sale Memorandum

Successful Recruitment Company


Ref.CE111

Location Cornwall

Asking Price £ 175,000

Confidential offered for sale

Asking price includes:

Sales of circa £1,143,000 Million per annum
Sales that are growing year on year
Established client/customer base
Computer administration system
Superb opportunity to grow
Office furniture and equipment
Complete Turnkey Operation
Written staff contracts
Blue-chip client base
Re locatable Business
Training and handover
Excellent reputation
Good profit margins
Excellent premises
Freehold property
Prime Location
Great 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 business was established by its owner in 2000 who has a wealth of experience in the logistics market and specialises in providing driving, industrial and administrative staff to the sector industries. The business has two branches located in key west country towns, the first being the original and main office and the second being a satellite operation which has been established for approximately six months.

Every member of the team has been recruited from the background of the industry they are selling into which gives them an innate ability to relate to their clients and customers.

Ninety five percent of its busines is based around the provision of tempory staff with the remainder being permanent placements.

Equipment:

The company has an extensive client database that is securely stored on a system of Dell Computers that are fully networked.
There is no industry specific software package.





Customer Service:

The business has a database of circa seventy clients with approximately twenty being active at any one time. They consist of Blue Chip companies, County Councils, and small to medium size enterprises many of whom have been loyal to the company since its inception.

The staff have all established strong personal relationships with their client base and have regularly proved their ability to supply the right staff at the right time

Key Strengths:

Staff industry experience.
Highly motivated and targeted team.
Good level of repeat candidates
Strong client relations
Excellent local knowledge
Growth and Expansion:

The company has recently opened a satellite office in a nearby city centre. This has proved to be successful and is the springboard for ongoing development of both client and candidate base.

Key Opportunities:

There are a number of ongoing marketing initiatives that the business is putting into place that will change the face of this operation during the next twelve months.
Premises:

The main office is available as a freehold or a leasehold opportunity

The freehold premises are a converted double fronted Victorian house situated on a main road within two minutes walk of the town centre. They consist of six offices, kitchen, toilets and parking for eight cars to the rear of the premises.
The freehold would be available at a market price of £285,000 or leasehold at a monthly rent of £1700.

The satellite office is a leasehold high street office situated within an office block. It is spacious enough for three employees to operate and shares the communal facilities. There is no parking. Rent is set at £470:00 per month.
Advertising and Marketing:

The company is very active in promoting its services and actively advertises in The Yellow Pages, Trade Journals, Yell.com and other web based sites. It also uses direct mail, leaflets and brochure drops where applicable. They have their own web site and have used local radio advertising in the past.
Financial profile:
All financial information will be made available under the auspices of Turner Butler and subject to the usual letters of confidentiality being in place. The company has a volume turnover of £1.142m and records profits before tax of circa £50,000.
Employees:

The well-established team consists of:

One Branch Manager.
One Senior Consultant.
One Warehouse and General Labour consultant.
One Transport consultant.
One Sales Consultant for temp and permanent positions.
One Payroll and Invoicing administrator.
Support and Training

There will be a full and seamless handover made available to the purchasers. It is envisaged that all staff will remain and will play a roll in the handover process
Reason for Sale:

The managing director has a decided to spend more time developing his portfolio of properties.
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

 

Next steps

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