Commercial Generalist Recruitment Agency For Sale

Business description

The business was established by the current owner in the 1980’s. The company provides secretarial, commercial, accounts & finance, sales & marketing and industrial staff on both a temporary and permanent basis. The business has been consistently profitable and has steadily grown to be one of the largest independent recruitment agency in its location. The company projects a strong professional image with long standing relationships with both blue chip and small to medium sized clients.
The business is well branded and operates to a high degree of integrity.
Located in a thriving city of strategic importance, the offices are well run and fully equipped, with a strong team of motivated fully trained consultants.
Financial Information:
June June
2007 2008 (est/ 9 months)
Turnover £1,896,000 £2,051,000
Gross Profit £273,826 £260,000
Book Profit £36,166 £72,000
Adjusted Profit £70,093 £110,000
Current Assets approximately £300,000

Property information

Property:

Leasehold

Location:

The company operates from leased premises within the heart of a major city. The offices represent approximately 1200 sq/ft and consist of a reception area, interview rooms, training and testing area and kitchen on the 1st floor with a large open plan office, kitchen and rest room on the second floor. The office is modern, recently decorated and extremely well maintained.

Other information

Expansion potential:

This high quality recruitment company has the potential to grow in all areas of its operation. There are particular opportunities to expand in the accounts & finance, sales & marketing and education sectors.
This company would allow either regional or national recruitment groups to enjoy considerable cost savings through economies of scale and would enable them to penetrate a market location which they do not currently address.
It may also represent an excellent opportunity for an existing agency from another field (e.g. Technical, IT, Industrial) to integrate services and thereby enable them to increase penetration in to their existing customer base.
This business may also suit a professional manager seeking to invest in a dynamic recruitment company.

Support & training:

The Managing Director will provide the appropriate level of support, familiarisation and hand over to the new purchaser

Reasons for selling:

The Managing Director is planning to retire but will provide a full hand over to the eventual purchasers.