| (REF: JS2091) Industrial Recruitment Agency |
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| Seller Reference: |
JS2091 |
| B4S Reference: |
14090 |
| Asking Price: |
£1,500,000
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| Net Profit: |
£300,000 |
| Sales Revenue: |
£3,711,550 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
7 Years 0 Months |
| Ownership: |
Send enquiry for more details. |
| Location: |
South West Of Uk, the UK, United Kingdom |
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This company is engaged in a provision of industrial staff, mainly on a contract basis to clients within a 30 miles radius of their location. Over the years the company has grown organically to a point where it is supplying approx. 200 temporary workers per day. These temporary workers are mainly from Eastern Europe and are housed and transported by the agency.
The business supplies workers into the Agricultural, Construction, Food Manufacturing and Warehouse Sectors. The Agency has a wide spread of customers with a largest contract representing only 18% of its turnover. Recently the business has expanded into the Commercial Recruitment Sector which operates from an entirely autonomous location.
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Living Accommodation: |
Yes |
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The purchase of this business would provide an excellent opportunity for an existing recruitment company to further develop the business. This company has a strong reputation within its market sectors and could provide other services such a commercial and accountancy staff to their industrial clients. This business will attract interest from large, medium or small recruitment businesses looking to grow by acquisition. |
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A major benefit of the purchase of this business is that the current owner, who is active in the business, would provide a sufficient handover upon completion. Both the industrial and commercial businesses have an established management structure to run successfully on a day to day basis. This will assist in both smooth transition of ownership and the retention of the knowledge and brand values of the company. |
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The owners have developed the business to be consistently profitable in a cautious manner. Whilst building the business they have remunerated themselves moderately and accumulated a reasonable level of Assets and now wish to crystallise the value of the business and its assets. The owners now wish to retire from the recruitment industry to enjoy more time pursuing their other interests. The General Manager who is also a Director of the company wishes to remain with the business post sale for a minimum of 12 months. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
Yes |
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Is this business part of a franchise? |
No |
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The industrial business employs a well trained team of five individuals with the owner acting as MD/Financial Controller supported by a part-time employee. The business is run by General Manager and two experienced East European consultants. The other shareholder has no active input into the business.
The commercial business is run by highly experienced Branch Manager, supported by another full-time consultant.
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