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Finance And Services:

Sold. Recruitment Company For The Hospitality & Catering Sector (contract & Permanent)

LISTING DETAILS
Firms For Sale ID:
34940
Vendor reference:
CE226
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£180,000  
Turnover / revenue:
£560,000
Net profit / cashflow:
£60,000
Years established:
26
Number of employees:
2
Employees / staffing:
The vendor works intermittently in the business and relies on a capable team of experienced consultants/administrators (2 full time) who run much of the business day to day.

OTHER DETAILS
Reason for selling:
Retirement and other business interests
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 main street, in serviced offices, close to Ptney Bridge in South London. It occupies second floor offices and has good signage. Annual rent is circa GBP 8,000 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 Hospitality & Catering Sector
(Contract & Permanent)
Ref. CE226
Location : South London
Asking Price : GBP 180,000
Established by the vendor in 1992, this business provides an independent recruitment service supplying temporary and permanent staffing solutions within the Hospitality & Catering sector across Central London. Sectors the agency serves include:
Hotels
Restaurants
Pubs
Private Clubs
Wine bars
Private Hospitals
The company has grown from strength to strength and benefits from an autonomous/ empowered environment employing dedicated administration staff and operating excellent in house 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.
The business aims to match candidates career aspirations to rewarding job positions, and by investing time and using an exhaustive pre selective service they make sure only candidates that are well qualified and suited to each vacancy are put forward.
The business also operates a candidate waiting training programme as a further element in its commitment to providing quality, well trained staff to its demanding clients.
This business prides itself on providing the very best solutions to recruitment needs and has the contacts and the reputation to ensure a highly individualised, personal service.
Recruitment is very much a people business, providing advice and practical support to clients and this agency is expert in good all round matching and ensures clients receive a friendly, professional and courteous experience.

Expansion Potential
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.

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.