Asking price: £1m < 5m

Sales revenue: £1,000,000

Net profit: £500,000

Fixtures value: £11,000

Stock value: Undisclosed

Business description
Project Gap operates in the search and selection of permanent mid to senior management. The business operates in several sectors with a focus on the financial sector. Project Gap operates nationally and has most of the major Plc's in the sector as it's customers. It has high quality consultants which are very cash generative, making a profit of over £500,000 from fees billed of £1,000,000 in 2008.

Years established: 5

Employees: 16

Trading hours: 45 hours per week (or as required)

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
3 year lease commencing November 2007. £10,000 rent per annum

Location
Leicester City Centre but with national coverage

Expansion potential
Capacity in current premises to house 8 extra staff, increasing turnover to c£3m. Opportunities identified for exapansion gegraphically into other centres and other sectors. The recruitment of further conultants to service the existing customers would generate greater revenues.

Competition / Market
Several major, established, large recruitment consultants businesses around. Current economic climate - lack of companies recruiting.

Support & training
Vendor will stay for a handover period as required by the purchaser. In this period the vendor will assist in handover of customer relationships, train new and existing employees, assist in the rollout of the business to new geographical areas and other sectors, and perform any other duties as required by the purchaser.

Reasons for selling
Vendor wishes to realise invesmtnent and focus on other unrelated business interests