Summary
- Asking price:
-
$1,295,000
- Sales revenue:
- $2,200,000
- Net profit:
- $620,000
- Years established:
- 9
- Employees:
- 10
Business description
Exceptional business in recruitment of both permanent and temporary staff. Good and steady growth over the past 3 years. Tax returns available for the past 3 years plus year to date management accounts to substantiate profits.
Property information
- Lease terms:
- Lease expires 31/8/09 with a further option of 3 years
Rent $8447.85 + GST per month. Annual escalation 4%
Bank guarantee- $40040.00.
- Location:
- The business operates from premises on thr North shore which were specifically designed and fitted for this business. It comprises a reception and waiting area, 4 interview rooms, and an open plan office for the consultants.
The offices are close to the railway station and well located for bus services.
There are 2 permanent parking spaces included.
Other information
- Expansion potential:
- Utilising the excellent name of of this business to introduce new services to the client base.
A comprehensive marketing and advertising strategy would undoubtedly assist in promoting additional sales.
Direct sales representation would introduce the business to new clients.
- Competition / Market:
- There are many competitors in Sydney although a number of others place people in payroll positions. However this business has an excellent reputation and is considered one of the market leaders in NSW. The names of the major competitors will be disclosed to interested Buyers.
- Support & training:
- The owners will negotiate a reasonable period of assistance to ensure a successful and smooth changeover of the business. This is entirely negotiable within reason depending on the price.
The Vendor will enter into the normal restraint provisions which pertain to a business of this nature.
- Reasons for selling:
- Ill health and relocation out of Sydney.
- Trading hours:
- 8.30 am to 5 pm
- Financing available:
- No
- Furniture / Fixtures value:
- $100,000
- Inventory / Stock value:
- $5,000