Advert Details

Technical Recruitment Company For Sale

Details: Asking price:£1,750,000; Sales revenue:£5,000,000; Net profit:£450,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Technical Recruitment Company placing White Collar Construction, I.T., Oil and Gas and Engineering staff, on both permanent and temporary contracts. Turnover currently is circa £5 million, gross Profit Margin 25%, Net Profit circa £450K. Currently company has approximately 140 long term contractors out working. Also, has approximately 40 strong PSL agreements in place.

General information: Years established:20; Employees: 8; Trading hours: 8 to 6; Relocatable: This business can be relocated.; Property:Leasehold; Lease terms:We are in a 2 year flexible lease. This could be exited fairly easy at a nominal penalty.; Location:The business has offices currently based in Croydon, Surrey and Bristol; Expansion potential:The agency also has 2 unique subsidary companies providing Quantity Surveying and CAD drwing services. This allows the company to win higher quality better margin business. This could be significantly exploited by adding additional sales resources.; Support & training:The Directors are willing to work on with the business.; Reasons for selling:The business could be expanded with additional sales resources. Director has built it to £5M but doesnt want to expand further with large sales force. Client relationships are in place and could be developed further by a larger agency.