Well Established And Award Winning Education Recruitment Agency | | Undisclosed Lincolnshire | | Well Established and Award Winning Education Recruitment Agency Ref.CE134 Location Lincolnshire Asking Price £500,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 18632
ADVERT IMPRESSIONS : 35,551 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Employment Agencies | | SALE: | Agent Sale | LEASEHOLD: | £500000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is an excellent opportunity to purchase an award winning company, which deals in the specialised recruitment of teaching staff, providing a growing number of schools with a valuable, essential and reliable service.
The business was established in 2002 by the owner, who has a wealth of experience in the general education recruitment market. The company has always strived to give a “fair deal” to teachers by paying them a rate which reflects their experience and qualifications. Many other teaching recruitment agencies pay much less, but fail to gain the loyalty and commitment of their teachers. It has often been commented on, by their customers, that the teachers that are supplied always go that little bit further to help.
The company has an excellent group of qualified teachers on their books. These vary from, retired teachers who are looking to supplement their income, graduate teachers who are looking to start their careers, plus overseas teachers and ones who have been away from teaching for varying amounts of time. Every one is personally interviewed and vetted, with reference checks on visas, passports, criminal records, medical clearance and qualification verification.
Because of the company’s reputation, they are often the first call that schools make when they need to fill a teaching gap. The position may be permanent or temporary. The company prides itself on being able to fit the right person to the right job, simply by being able to identify the schools needs.
The business is profitable with low overheads and has a reputaion for its speed of supply, with a considerable database of available teachers plus a growing number of schools who regularly utilise the company’s services.
This business would be perfect for a new owner who has either experience in recruitment or education in the Lincolnshire and surrounding area. It would also be an invaluable asset for another recruitment agency who wish to build upon the growing database that the company holds, which is in the region of a 50% market share in the area.
Customer Service:
Customer service is paramount to the success of this business. This business is built on a supply and demand basis. The company needs to be able to marry up the needs of the schools to the availability of both specialist subject teachers and general teaching assistants.
The business provides a free phone number which encourages regular contact, and deals with all enquiries speedily and effectively within 5-10 minutes of receiving the phone call.
Key Strengths:
The key reason why this business has been successful and why their clients contact them on a continuous basis, is they offer an excellent and unique service proposition, which is cost effective whilst delivering a high quality and speedy service which is a welcome alternative to LEA and other agencies.
The company has built up a solid foundation, based on a fair deal for their teachers with excellent communication between themselves and their clients. This breeds both support and loyalty to the company as everyone is happy that they are being well rewarded for their efforts.
The business has been developed in such a way so it can cater for the most demanding of clients. There are circa 120 teachers on the books at present, with varying qualifications and experience, and a growing database of schools which keep in regular contact.
The reputation is such that the business enjoys very high levels of repeat business. The client base is a mix that ensures a degree of economic resilience. There is excellent scope for growth for the company.
The business is well run, with an expertise and knowledge second to none in its field with an infrastructure in place to take the business forward to a higher level. They have excellent referrals from a number of schools and are a preferred supplier to the local county council education authority.
The company has been nominated for a number of local county business awards and have also been nominated for recruitment industry awards.
Growth and Expansion:
The owner runs all aspects of the business with no other staff employed. There is definite room for the business to grow by employing a business development manager, who would concentrate solely on calling existing schools and contacting new schools to promote the excellent services of the company. There is an opportunity to expand the number of schools and also expand the area of supply.
The business has been trading consistently over the past six years and the current owner has maintained the business at a level that is comfortably manageable, based on the current infrastructure. Currently the owner works long hours to provide a “second to none” service and has intimated that there is still room for growth within the current business model.
Key Opportunities:
This is an outstanding opportunity to build on the existing service and customer base of this business. With a strong and growing demand for the service combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform.
The company concentrates most of its energy on the secondary school market providing teachers, graduate teachers, overseas teachers and supply sports coaches. There is room to enter other areas such as further education, where lecturers are required.
Premises:
The business runs from an office in the owner’ home and is relocatable within the Lincolnshire area.
Marketing:
The company has invested in an excellent and productive web site, which has successfully helped the promotion of the business.
Local newspaper advertising and PR articles are regularly utilised and the owner has talked about the industry to some of the local Chamber of Trade bodies.
Each year the company exhibits at the Teacher Recruitment Fair at Lincoln University were new leads and existing contacts are made.
Financial profile:
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.
The turnover is circa £1,500,000 per annum with Gross Profits of circa £300,000 and Net Profits of circa £155,000. The business has shown continual growth and the forecast is for further growth for the next financial year.
Employees:
The owner looks after all of the running of the business.
Support and Training
The owner would be happy to help out with a smooth transition of the business for a short period of time to introduce clients and teaching staff.
Reason for Sale:
Reluctantly the owner wants to sell the business due to ill health within the family.
| | | | | | FOR SALE | | | | | REFERENCE: | CE134 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
