Recruitment For Hospitality Industry Temporary Staff For Sale

Business description

This successful business was established in 2000 as a recruitment agency for the hospitality industry, primarily providing temporary staff. Customers include hotels, hospitals, exhibition centres, museums, clubs and large companies.

The company has excellent potential to hit £3,000,000 turnover within the next 2-3 years by continuing business as they are providing staff for a variety of events.

The company has an extensive databank of staff of the highest quality who are all fully checked and trained, professional and well dressed.

This extremely successful recruitment company specialises in the hospitality sector and is offered for sale due to the diverging commitments of the partners involved. Their differing situations and outlooks has not driven the business to achieve all that it could do financially. A decision has therefore been reached by the partners that, for the business to achieve its best potential, it must be offered for sale to a company or organisation who will be focussed enough to take this business to the level and success it deserves.

Customer Service:

The business prides itself on offering an excellent level of experience in the market, consistently delivering a personal service to its clients. The partners of the company check each event personally and have earned an excellent reputation amongst their customers for reliability and not letting people down.

Key Strengths:

Being well established with an excellent name and an outstanding reputation is without doubt one of the primary strengths of this business.

The business flourishes on word of mouth recommendations with many loyal clients who have remained with the business since its inception. They have a very large customer base but there is always room for further development and expansion.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

This is a cash positive business with current turnover circa £1,200,000 per annum, with adjusted net profits circa £115,000 and assets circa £84,000.

Property information

Property:

Leasehold

Lease terms:

The property has a renewable lease which runs for 5 years. The rental is currently circa £15,000 per annum.

Location:

The business is on a busy main road in North West London, near a mainline railway and tube station in addition to a main and regular bus route.

The company has 2 offices, meeting/training room, kitchen and washroom.

The property has a renewable lease which runs for 5 years. The rental is currently circa £15,000 per annum.

Business Operation

Expansion potential:

This is a highly profitable business with huge potential to expand further, perhaps by increasing sales through marketing and advertising, which is not utilised at present, current sales being obtained purely through repeat and referred business.

The market is ripe for growth ensuring fantastic opportunities to increase the market revenue, size and scope of the business.

Competition / Market:

The business has used little advertising in the past, so there are excellent opportunities to increase this activity. There is currently a website being installed but more work in this area would also undoubtedly increase turnover and subsequent profits.

Reasons for selling:

Being in his seventies the owner now wishes to retire.

Trading hours:

Monday – Friday: 7.30 am – 5.30 pm

Employees:

The company employs 4 full time staff, (Operations and admin).

Years established:

2000

Other information

Support & training:

The current owners will provide all necessary training, to ensure a smooth transfer of the business to the new owners.