Highly Profitable Recruitment Consultancy For Sale

Business description

Highly profitable, rapidly growing, worldwide recruitment consultancy providing specialist engineers to the IT and Mobile Telecommunications sectors

This business, specialises in providing specialist engineers for the IT and Mobile Telecommunications sectors, has grown since 2004 to a annual turnover exceeding £2,500,000.

With the head office in London, this company is an award winning ISO 9001 and Investor In People accredited company .

Working in over 85 countries, spanning all continents, this business provides recruitment solutions to the Information and communication Technology sector with clients that include Ericsson and Nokia, (Global accounts) Alcatel, Siemens, and other operators across the globe. If you are an IT company wishing to enter into the highly profitable Telco sector then this would be an excellent company to acquire.

With the relationships this business has developed with the major operators in its sector, its excellent reputation right across the globe and its unique approach to the business, this company is set to grow at a very rapid rate for many years to come.

Key strengths:

With very low overheads due to the formation of the office in India, this business continues to be very profitable. The business is busier now than ever before and the recession has had no affect whatsoever. This company would be an ideal acquisition target for a company trying to beat the recession, to expand quickly in terms of turnover, with minimum transitional issues as the office in India could be closed and the work can be dealt with from the potential purchasers’ offices.
This company can easily be bolted on to an existing company operating in the recruitment sector provide a huge uplift in turnover without the normal issues that can accompany acquisitions.

.Key opportunities:

There is an outstanding opportunity to build on the existing services and customer base of this business. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.

Significant dividends will be available to any new Owner simply servicing the existing customer base – and by adding to the complement of excellent Recruitment Consultants currently employed within the business. Having recently been awarded preferred supplier status worldwide for three of the top brands in its sector, this business has an enviable opportunity to grow significantly by servicing these businesses over the next period of time. It is conservatively estimated that just one of these relationships – an organisation operating in over 130 countries worldwide - could generate £3 million turnover annually, this estimate is based on a work in progress with one of their competitors.

Financial information:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and the interested parties under the auspices of Turner Butler.
Turnover exceeds £2,500,000
Gross Profits circa: £475,000
Pre-tax net operating profits of circa £240,000
A Balance Sheet of circa £325,000
The Asking Price of £1,000,000 is for a sale of the shares in the business based on a Balance Sheet value of £325,000.

Property information

Property:

Leasehold

Location:

This business operates from very well suited serviced offices on the outskirts of one of Surrey’s major commercial centers. The premises, easily accommodates the current complement of staff. There is further room for growth and expansion

Business Operation

Competition / Market:

Having developed an excellent reputation right across the industry and with a seemingly endless supply of briefs from its existing Client database and staff assiduously implementing a very direct approach to sales, this business has employed little advertising in the past. It benefits from the strongest form of marketing, word of mouth recommendation. With a very strong corporate image the business already enjoys high levels of top of mind awareness both amongst Clients and Candidates. This business does have a very well designed and informative website – with discrete areas dedicated to Clients and Candidates. The website performs very well in all of the major search engines for all appropriate search terms – and dovetails very well with its strategy of using Internet based Job Boards to assist in finding the right candidates for the vacancies it is looking to fill on behalf of its Clients.

Reasons for selling:

Having been involved in recruitment for a number of years and turned this company into a highly profitable, fast growing business and put in place the foundations for sustained growth, the Owner believes the time is right to pass this business on to new Owners to build upon the excellent foundations already laid.

Employees:

The Managing Director/Owner Account Managers x 3 Team leaders x3 Resources x 10 Database cleanser CV formatter Accounts outsourced IT outsourced.

Years established:

2004

Other information

Support & training:

The owner will provide full business familiarisation and training to ensure a smooth transfer of the business to new Owners.