Executive Recruitment Consultancy For Sale

Business description

This is an exciting opportunity to purchase a high quality search & selection recruitment business specialising in the media/publishing sectors. The business has been operating for some 14 years and has an extremely high visibility in its chosen field of specialisation. The business is well branded and has proven means of attracting quality clients and quality candidates. This business is focused on permanent recruitment with the vast majority of its placements being made on a permanent basis with approximately 1/3 of the placements being on a retained search basis and the remainder on a contingency basis. Some interim placements are made by the company and these are invoiced to the clients on a margin only basis, with our clients not being responsible for paying the interim staff. The business operates from a delightful Central London location where the owner and 2 support staff run the Head Office operation. The company utilises the cutting edge recruitment system Bond-Adapt.
Possible property freehold purchase.

Property information

Location:

Operating from a delightful, attractive and quiet location in Central London, close to all amenities, tubes and mainline stations. The business owner owns this property and charges the company sufficient rental to fund the purchase. The building unusually has both residential and business use consent. Beyond sale of the goodwill of the business the owner would either enter into a new lease agreement or sell the property to the new business owner. If the business is to be relocated then the owner would be happy to provide a flexible rental period.

Other information

Expansion potential:

The buyer of this business would have the opportunity to purchase a profitable, well established and structured business and expand its current activities. The interim market place has obvious possibilities for development. The company is exceedingly focused in its market sector but the name and reputation of this business would allow expansion into other sectors. The potential purchaser would probably be an existing recruitment organisation looking to penetrate this new market place. The business could readily be relocated to another Central London address which would provide economies of scale and cost. A purchaser may be keen to have a London office and may wish to purchase the premises. Alternatively this business may appeal to a recruitment professional looking to find a business in which to work hands-on as Managing Director.

Support & training:

The owner would be keen to provide a quality handover to the purchaser and would be flexible on the time scale whether it be 2 months, 12 months or beyond. This would be dependent on the structure of the deal and remuneration for the owner beyond the sale.

Reasons for selling:

The owner is in his early 60’s and wishes to retire from full time employment on or before his 65th birthday. It is therefore an ideal time to find a compatible purchaser to whom he can pass on the business. The owner also feels that there are many opportunities to expand the business which he is not currently taking advantage of. He is therefore aware that a new more dynamic ownership would be beneficial to all.