Professional & Ethical Training Company For Sale

Business description

This business was established in 2000 offering to its clients training for people to help them thrive in the workplace. The business does this by means of tried, tested and approved methods, plus bespoke training courses, delivered by professionals and funded from several different governmental departments + privately paid training. The government has ring fenced the training budget and the vendor has secured for 2011 -2012 funding of 1 million pounds + that can be drawn down during the year. The company is well founded and respected within the industry and by its high profile client list.

The business has secured funding for NVQ’s and other funding (WBL to fund Apprenticeships) fully or part funded training for employees of organisations and businesses throughout England.

This government funding enables businesses clients to access fully funded and part funded training for their staff and offer progression to their employees via recognized and certificated routes.

The company offers an extensive range of qualifications to meet business-training needs that have been identified by employers. These can take the form of NVQ’s or ILM’s, depending on the requirement and could be from a Level 2 NVQ to an ILM qualification that is suitable for first line managers or people wanting to progress in to management.
Government funding for training enables organisations to up skill their workforce to increase productivity and competitiveness in a fast growing national economy.

The company operates training programmers under the Work Based Learning remit. The type of training has been ring fenced by Government which can then be accessed by companies in the way of fully/part funded training, to people employed by companies, in an approved range of qualifications.

The business model is designed to maximize on the funding available and have that training delivered by self employed professionals, thus keeping the overhead in check and produce the high levels of profit that this business achieves.

Over the past ten years the vendor has developed by constantly tweaking the course content and with quality monitoring has produced a product that is highly valued by its clients and the company is fully OFSTED Accredited.

This business delivers a very high level of customer satisfaction and as a result enjoys high levels of repeat business and strong word of mouth recommendation. With low overheads – and all of its Associates are self-employed, it is a very well managed and easy to run operation. With turnover for the financial year 2010 of approximately £620,000 and historically gross margins of between 65% and 75%, and net profits of circa £277,000 for 2010/11 this represents an excellent acquisition opportunity for an existing operator to extend their presence in the management development, leadership and communication arena – or for an individual training consultant who is comfortable with a non standard approach to training to acquire an established business in the sector and develop further the business potential.
Courses

Courses supplied by the company encompass all NVQ levels and ILM’s. All are recognized and certified by organisations such as OCR, ILM, City & Guilds and AMSPAR.

Customer Service:

The vendor offers to its wide range of clients training courses that are full of quality content and comply with all of OFSTED regulations and criteria with regard to NVQ and ILM levels. Because of this attention to detail approach the business receives large amounts of repeat business from clients.

The vendor has invested in soft and hardware products to keep the business at the forefront, coupled with quality self employed professional training providers the business is going from strength to strength.

Key Strengths:

Established and well respected by both the industry and its clients
Secure and solid base in which to build upon.
Guaranteed funding available for 2011-2012
High net profits circa £277,000
Low overhead costs.


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.

Turnover circa £620,000
Gross profit circa £500,000
Net profits circa £277,000.

Property information

Property:

Leasehold

Business Operation

Expansion potential:

The business has government funding for a value of 1 million pounds plus that it can drawn down in2011/ 2012 + additional funds when this is achieved. This enables the business through its telesales and telemarketing company which is also for sale through Turner Butler to build quite significantly on the circa £620,000 turnover of 2010.

Competition / Market:

The company currently runs a website (under re-development) and other national advertising. The business also employs the services of the sister telesales and marketing company to generate delegates for their wide range of courses.

Reasons for selling:

The vendor wishes to take a well earned retirement.

Trading hours:

Monday – Thursday: 9.00am to 5.15pm..........Friday: 9.00am to 4.00pm

Employees:

1 x Director 1 x Manager 6 x full time staff Plus self employed professional trainers

Years established:

2000

Other information

Support & training:

The vendor will offer full training and support to facilitate a smooth transition of ownership.