Recruitment In Specialist Fields Business For Sale

Business description

History Background
Fully describe the business's activities? Specialises in specific fileds, of mainly professionals - architects, building, engineers and retail allied to those fields. 700 clients on database. Monthly newsletter, website which is very active. Only 1 other similar competitor in the market space. Ideal acquisition for an existing company to take on a new set of clients and leverage the overheads.
How long has the business been established? Business has been established for 4 years
How long has the owner had the business? Since inception
Present Market
How are the clients attracted to the business? Reputation, hunting and referrals
What Advertising/Marketing is carried out? None. Uses the data base and website
Does the business have any contract work? No contract work exists
Financial
Is the business VAT Registered? Yes, business is vat registered
What VAT documentation is on file.? All records are with the accounting officer
Are there up-to-date Management Accounts available? With accounting officer, broker also has a copy of the latest financials. Current management accounts show better performance March 09 to date
What Balance Sheet and Income Statements are available? Available
Staffing
What is the total staff complement? Owner, and 2 recruiters
How involved is the Owner in running the business? Daily, and also as the key person seeing clients to get briefs.
Premises
When does the current lease end? Current lease expires in October 2009
Is there an option of renewal & what period? Yes. 3 to 5 years
What is the annual escalation %? 10% annual escalation
What are the trading hours? Normal office hours
What is the square meterage of the business? Approximately 30 sq meters in an office Suite environment
Is a copy of the lease available? On file
Assets
Is a full asset list on file? Yes, with the seller
Reason For Sale
What is the reason for the sale? Seller wants to start a family.

Property information

Real Estate:

Lease

Other information

Furniture / Fixtures value:

R200,000 (included in the asking price)