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Finance And Services:

Business For Sale. Recruitment Company For The Finance/banking (f/b) And Industrial/construction/transport (i/c/t) Sect

LISTING DETAILS
Firms For Sale ID:
34836
Vendor reference:
CE224
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£210,000  
Turnover / revenue:
£480,000
Net profit / cashflow:
Undisclosed
Years established:
3
Number of employees:
3
Employees / staffing:
The vendor works intermittently in the business and manages a capable team of experienced consultants (2 full time) who run the business on a day to day level. The business also employs one part time administrator.

OTHER DETAILS
Reason for selling:
The vendor has been offered new investment opportunities and believes that a new owner with more time to dedicate to the business, will benefit the business more greatly.
Support and training:
The vendor will provide support and training at handover and would also be happy to provide remote assistance for a further period of time to be negotiated prior to the sale.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The agency is ideally located in a busy town centre location. It occupies first floor serviced offices and has easy access. Annual rent is circa GBP 7,500 p.a. The business enjoys 100% small business rates relief. The business could easily be relocated if need be with minimum disruption.
 
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BUSINESS DESCRIPTION
Recruitment Company for the Finance/Banking (F/B) and Industrial/Construction/Transport (I/C/T) Sectors (Contract & Permanent)
Ref. CE224
Location : London
Asking price (F/B) OIRO: GBP 110,000
Asking price (I/C/T) OIRO: GBP 100,000
Established by the vendors in 2014, this business provides an independent recruitment service supplying temporary and permanent staffing solutions within multisectors across the UK. Sectors the agency serves include:
Banking
Finance
Industrial
Commercial
Construction
Transport
Industrial
The company has a diverse range of customers. Its weekly client base range from global banking brands, large multinationals, industrial firms, public sector Councils, facilities management companies and many more.
The activities of the business have a clear distinction and is why, while this is a single commercial entity, it is managed as two; firstly, Banking & Finance and secondly, Industry, Construction & Transport. The majority of placements in Banking & Finance are permanent with higher margins and Industry, Construction & Transport are temporary (contract) placements. It is believed by the vendor that with continued trading, this second aspect of the business is highly scaleable and will accumulate volume over time, with little investment required for managing this increase as it occurs.
The company has grown from strength to strength and benefits from an autonomous/ empowered environment employing dedicated staff and operating excellent in house quality management systems and so earned an enviable reputation for professionalism and quality.
Independence is a key contributing factor to the continued success of the business as this allows the flexibility to provide focus, speed and real commitment to clients needs. The company ensures that each individual candidate and client receives the same high degree of customer care.

Expansion Potential
The vendor has recently invested in back office systems and infrastructure to enable sustained growth over the coming years. There are a number of opportunities to increase turnover including the scaleability of its volume based contract/temporary activities, which has developed real traction and prospects.

The Banking & Finance sector is an area the business is particularly strong in and it has identified a niche market within this that represents significant growth opportunities moving forward. Primarily permanent in placements, there is an opportunity to develop high added value, contract placements in this valuable sector. The business’ strengths in this sector could transfer successfully to the large and profitable legal sector.

With a strong demand for services and a new capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base.

This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities for the ambitious new owner or another agency wishing to expand their portfolio.

Market / Competition / Non-Competition Agreements
The company is highly credible and continually advertise through the most appropriate and successful mediums. The best form of advertising is Recommendation. The business regards existing clients as their best advertisers, bearing testimony to the excellent reputation the business has earned since inception. The business has an informative web site. Advertising has also included utilising branded job boards, social media, internet, local events and sponsorship. A high percentage of the business revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has throughout the industry.