business for sale

Supply Teacher Recruitment Agency

Businesses for Sale

Sale Memorandum

Supply Teacher Recruitment Agency


Ref.CE072

Location North East

Asking Price £2,950,000

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:

Extensive database of approximately one hundred clients

Good relationships with schools

Excellent service with schools

400 plus quality supply teachers

Competitive rates

Business profile:

This business is one of the market leaders in the area. An independent agency based in the North East region the company supplies qualified supply teachers, support staff, nursery nurses and education training services to schools and colleges in the region. The company operates to high quality standards with excellent systems and procedures in place and is fully involved in local government issues.

The company was founded in March 2003 and is rooted firmly in the need to ensure that the supply teachers contribute to the quality and continuity of education in schools.
Education issues are at the very heart of the regions future development and this business is at the forefront of initiatives to improve education standards.

This company will provide a good entry level into this popular sector for an established agency or newcomer. Excellent and experienced staff are employed for their knowledge and have either a recruitment or educational background. This has helped to build the reputation of trust it has with Head Teachers and the L.E.A. for providing good people/staff for schools.

Recommended by the Local Education Authority, a significant number of primary and secondary schools have retained the Company exclusively. The company also contributes to the community strategy that is led by the Council.

The vendors have extensive knowledge and have firmly established links with the Chamber of Commerce and contacts in the business community which give the opportunity of working with the LEA’s, Head teachers, Supply co-ordinators and their wider community to assist in planning decisions which affect the future of learning and education in the region.

This professional company delivers a service beyond the expectations of schools and teachers with the responsibility of making certain that every match is best for the teacher and the school.

•Care –listening and understanding
•Commitment – staying focused on clients requirements at all times
•Enthusiasm - communicating that it is enjoyable helping schools and teachers
•Quality service and an excellent reputation

The company operates an Equal Opportunities Policy when placing teachers into schools. Regular monitoring procedures are in place regarding the quality of service provided and the company encourages regular feedback from clients and candidates. Feedback from schools suggests that this position as a market leader is based on the following:

•Quality Supply Teachers
•Competitive Rates
•Quality Service with Schools
•Involvement with Local Education Issues
•Good Relationships with Schools
•Paying Supply Teachers to Scale

Customer Service:

This highly reputable agency is a business with a difference. Consultants within the agency are chosen for their level of expertise and more importantly their passion for the business, each consultant is a specialist in their own areas.

The agency has developed an impressive personalised service aimed at understanding individual client requirements and completes reports on school visits, regarding the needs of the schools.

The business has established a monopoly and the contacts and the reputation to ensure a highly individualised, personal service. The Company looks at teacher evaluation in respect of both the company’s services and of the teachers that are supplied by this agency.

Key Strengths

The company has grown to become the largest provider of supp1y teachers to Schools in the region and actively promotes educational issues. With experienced, loyal staff the agency has a reputation for good business ethics for which it well respected.

The Company has Partnerships with Businesses, Schools, the Council, and the Local Education Authorities. The knowledgeable and experienced management has expertise and professionalism with over twenty years of experience in the recruitment and education market.

Growth and Expansion:

The vendors recognise that the business could grow significantly. Built on solid foundations the Company now has a “blueprint for success” in place, and this process can be duplicated in other Regions. The company is ideally placed to begin considering franchising opportunities on a more national level.

This is a rare opening to acquire an extremely a highly successful business that could adopt a more sales motivated structure to build this excellent business into an even bigger cash earner.

Quality Assurance:

Teachers are fully referenced and police checked before commencing work in schools. They are requested to be members of the GTC. All have been interviewed and assessed personally regarding identification, qualifications and medical history.
Competition:

This company operates successfully as an independent. It has established an excellent reputation and has not ignored market trends or potential of competitor threat regarding any local competition as neither significant nor dangerous.
Premises:

The company operate from three separate leasehold premises across the North East.

Property one - rental is £12,250 per annum
Property two - rental is £7,400 per annum
Property three - rental is £12,528 per annum

Business Assets:

•13 x computers
•11 x printers
•2 x personal computers
•Bespoke Software
•Office desks, furniture, filing cabinets, etc:
Advertising & Marketing

The Company participates in joint recruitment ventures plus other forms of media advertising. The Company is involved with local sponsorships and has excellent public relations investing a small percentage of its profits back into the schools. A high percentage of business is regularly obtained by recommendation from existing satisfied clients. The company maintains strong relationships with local business and government departments. Consistent growth will be achieved by building on this success. The business would benefit from Internet marketing and a Company website is under construction at the present time.
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 current turnover is in excess of £2.6 Million pre annum.
Employees:

•Office 1 – Seven full time + One part time
•Office 2 – Two full time
•Office 3 – Two full time
Support and Training:

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

Having brought the business to its present profitable stage the vendors wish to pursue other interests and recognise that the business could grow significantly by the influx of a new self-motivated and imaginative management team.
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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