Recruitment Consultancy Temporary And Permanent Staff Business For Sale

Business description

Recruitment Consultancy – Temporary and Permanent Staff in Office Support Roles

Operating since 2000, this business has firmly established itself as the first point of call for a large number of local companies looking to fill office support vacancies in and around the West Surrey and Hampshire borders. Based in a prominent High Street position in one of Surrey’s attractive, busy towns this business, positioned very much as a local agency for local businesses, is ideally placed to provide temporary and permanent office personnel for the small and medium sized businesses, independent schools and local authority offices based in the surrounding towns and villages..
The consultants of this business handle all levels of staff vacancies within the office support sector, including administrative, secretarial, customer services, accounts and sales roles – either on a permanent or temporary basis, with turnover split almost equally between the two areas. Typically vacancies command salaries in the £15,000 - £30,000 bracket.
Over its many years of operation, this business has built an excellent reputation for candidate and client service, confidentiality and integrity, taking extreme care with every brief it receives and with detailed pre-selection ensuring that only the right candidates are put forward for a vacancy. Not surprisingly therefore this business can claim a number of Clients with which it has long standing relationships – many from Day One and a candidate bank into the thousands – many of which return time and time again for their next placement. This individual, very personal approach and the quality of service provided is what sets it apart from other recruitment consultancies and is a reason why this business is a preferred supplier to many of its Clients.
The quality of this business’s candidate bank is very strong. All who wish to be considered for vacancies are seen by the consultants themselves with the necessary paperwork checked. Certainly this business would never send a candidate through to a Client without having interviewed them first and determined their suitability. The Client contact bank is equally impressive - across a wide range of commercial, industrial, service and professional organisations in both the public and private sectors, all drawn by the high level of personal service and value for money the business offers. It is particularly renowned for its excellent turnaround times particularly where temporary staff are concerned.
With turnover of approximately £450,000 for the financial year ending March 2009 generating pre-tax net operating profits of approximately £116,000 after Directors remunerations and depreciation totaling £30,000, this is an excellent opportunity to acquire a very well established and highly respected recruitment consultancy specializing in the office services sector and well known within its local marketplace.


Key strengths:
The product of many years experience within the recruitment sector – one of the founders was operating in the recruitment sector before setting this business up - this is a very well organised and managed business. With an excellent and long-standing reputation, the business clearly knows what it is doing and prides itself on its careful selections, thorough interviewing of candidates and its clear understanding of Client requirements based upon detailed knowledge of a Client’s business and the skill and experience of placing candidates. It offers a high level of personal service and good value for money. As a result it can rightly claim to have its local market ‘sewn up’.
Such is the high levels of service offered to candidates and Client alike, this business has been built largely on the basis of word of mouth recommendation. It is very honest with candidates, only taking on those it knows it has a good chance of placing. The scale of the Candidate Bank in particular is such that this business has excellent coverage for every vacancy that it receives obviating the need for too much costly and time-consuming advertising. Operating largely in an affluent, well educated area it has little problem registering strong candidates.
Details on candidates have been maintained over a considerable length of time and this business frequently receives call-backs from candidates that have been placed in the past and are now looking for their latest challenge. Even if this business has been unsuccessful in placing a candidate both candidates and Clients consistently return to this business for their next requirement – testimony to the excellent reputation this business commands within the area. This business has even been known to receive briefs from candidates it has failed to place when they have found jobs and needed to recruit for their new organizations.

Key opportunities:

There is an outstanding opportunity to build on the existing business levels and customer base of this company. With its excellent reputation, a new Owner contributing fresh ideas, drive, enthusiasm and investment will have every advantage of building on an excellent platform.

Operating within the local marketplace for a number of years, the business has built a superb reputation within the industry and in particular in the immediate geographical area in which this business is based. Organic growth will ensue simply by continuing to ‘farm’ the existing Client and Candidate bases.

There is however significant scope to leverage the excellent reputation the business has within its local marketplace by expanding its geographical coverage further into West Surrey to include areas such as Kingston, Woking, Guildford and Camberley as well as by expanding its sector expertise into the Catering, Accountancy, Industrial, Care and Driving sectors, for example.

Financial information:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for the financial year ending March 2009 was almost £450,000 generating pre-tax net operating profits of £116,000 excluding Directors’ remunerations and depreciation of £30,000. This is marginally less than in 2008 when the turnover was approximately £540,000 generating pre-tax net operating profits of almost £135,000 and in 2007 when turnover was slightly in excess of £550,000 generating pre-tax net operating profits of almost £150,000.

Property information

Property:

Leasehold

Lease terms:

Approximately 750 square feet in all, the premises are leased with annual rents of £12,000 per annum and Rates of approximately £780 per annum. There are three years remaining on the lease.

Location:

This business is located on the High Street of this busy Surrey town, operating from the First and Second floors of very attractive premises which also afford a Ground Floor presence. The first floor comprises the Reception area and two offices with a further office space on the second floor.
Approximately 750 square feet in all, the premises are leased with annual rents of £12,000 per annum and Rates of approximately £780 per annum. There are three years remaining on the lease.
There is significant room for expansion – there is space for up to 8 work stations in all and as such the premises could form the regional office of a larger operator in the recruitment sector.

Other information

Competition / Market:

Deliberately avoiding telephone canvassing, the core marketing activity of this business revolves around its Client and Candidate databases - its Client database is cleaned every two to three months to ensure it is as current as possible, with tailored communications, often supported by promotions aimed at reactivating ‘lapsed’ customers or encouraging increased activity amongst infrequent users. The business has a very well designed corporate look incorporating an attractive and informative corporate brochure and website which performs very effectively in all the major search engines for all appropriate search terms. Corporately, however, the business benefits most from the finest form of marketing, word of mouth recommendation to promote this business both to candidates and employers.

Support & training:

The current Owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new Owners.

Reasons for selling:

With one Partner retiring and the two others having re-located with their families out of the area, the Owners feel the time is right to pass the business on to new Owners to build on the excellent foundations already laid.