| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 27,959 TIME(S)
BUSINESS REFERENCE : CE136 / RightBiz CE136- RELOCATABLE- £ 850,000-EAST EUROPEAN RECRUITMENT AND PLACEMENT SPECIALIST | | | | | | East European Recruitment and Placement Specialist Ref.CE136 Location Relocatable Asking Price £ 850,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Employment Agencies | | SALE: | Agent Sale | LEASEHOLD: | £850000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This highly successful and respected business was established in 2004.
It interviews, recruits and employs Polish, Lithuanian, Slovakian and East European Staff who it then contracts out to a range of employers within a thirty mile radius of its West Midlands base.
The business is unique in its method of operation. Potential employees are usually already in the UK and have heard about the business from friends and colleagues. The vast majority are manual or semi skilled workers with varying degrees of ability to speak the English language.
The company not only employs the workers but has rented a number of properties within the area which it then sub lets to its employees. This ensures that they have an adequate standard of living accommodation and can be readily located for collection on a daily basis. It has invested in a small fleet of minibuses, people carriers and cars that are used to deliver and collect the employees from their place of work.
A prospective client is qualified as to the exact requirements of the job they need to be to fulfilled and the skill levels and proficiency in spoken English that are needed to complete the job to the required standard. The selected staff are collected from their home base and driven to the client’s business premises on a daily basis. The costs of living facilities and transport are deducted at source and the employee receives the balance.
Customer Service:
The companies offering has proved to be highly effective and very popular as it allows clients to service their labour requirements at time of peak demand of for specific projects that necessitate an increase in headcount for a specific period. Many placements continue for long periods of time as one situation leads to another. The fact that the worker is delivered to site is a big plus for most clients as it takes away the possibility of a worker not turning up. The delivery service means that any employee who doesn’t appear for work can be replaced before the end user becomes aware of a problem.
The company has therefore achieved excellent client relations by providing a personalised service that matches staff to task on a job-by-job basis.
It is noteworthy that the company was one of the first in England to have a Gang Masters Licence.
Key Strengths:
Highly profitable
Low overhead
Niche market
Controlled staff
Strong demand
Growth Market
Small fleet of minibuses and cars for staff transportation
Growth and Expansion:
This would lend itself to franchising and with the appropriate infrastructure could easily be rolled out across the UK
Premises:
The company does have small serviced offices that carry an annual rental of £6500. The business is easily relocatable.
Advertising and Marketing:
The business does not need to advertise. It has grown organically and by referrals for both staff and customers.
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 company recorded a turnover of £3,200,000 with gross profits / fee income of £775,000. The anticipated turnover for 2008 is £3,500,000 with projected gross profits of £850,000
Employees:
Three directors. One would stay if required for an agreed period of time
One recruitment and welfare officer (Polish speaking)
One recruitment and maintenance manager (Polish speaking)
One payroll and secretarial duties.
Two part time accounts staff
Support and Training
The third director will be willing to stay with the business for an agreed period of time to ensure that a full and professional handover is achieved.
Reason for Sale:
Two of the directors wish to take early retirement. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CE136 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
