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BUSINESS REFERENCE : CE74 / RightBiz REGIONAL INDUSTRIAL RECRUITMENT COMPANY | | | | | | Regional Industrial Recruitment Company Ref no: CE74 Confidentially offered for sale Location:Oxfordshire Asking Price £1,600,000 | | | BUSINESS LOCATION: | Undisclosed Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £1600000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This business was founded in 1997 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality of its service and reliability.
The business operates from a prime location in Oxfordshire and specialises in providing recruitment services to clients which include large and small industrial organisations covering the service areas of factory, warehouse and logistics personnel. These positions are recruited for temporary and permanent placement but 90% of current operations is concerned with temporary personnel. The business has capacity for managing the increasing volume of permanent placements.
The business has shown itself to be resilient in the face of competitive and economic forces, as such times have occurred in its history with significant events in the regional economy accounting for short term, lost market share. The business has responded to these events by growing and consolidating new markets and revenue streams building back to previous turnover levels.
The vendors have invested considerably from the outset of business operations, in the corporate identity of the brand; which at first differentiated the business from its competitors but since has become a recognised brand with a considerable reputation for quality and service that exists outside of the vendor’s own personal reputations and with which the business was first established. This brand represents an opportunity which could be developed into a wider regional or national growth strategy.
The business is further supported by a growing reputation among professionals as candidates seeking new opportunities; which has helped to ensure that client expectation is never compromised and that they are never let down. This commitment to representing only the highest calibre candidates to clients has underpinned this business’s abilities in service quality and business growth.
Customer Service
The business manages many key accounts and does so, on a placement by placement or needs basis. The success of the business is founded upon its history of satisfying client needs sometimes in extraordinary and rapid circumstances.
When recruiting either temporary or permanent employees for a company, a specialist consultant will strive to visit the place of work, thus making it easier to understand the client’s requirements. Each consultant has been recruited for their own area of expertise, covering all service areas.
As members of The Recruitment & Employment Confederation this proves to both clients and candidates that the business can meet the toughest of standards and the most stringent of criteria.
Key Strengths:
This consultancy operates from a highly visible high street location with good footfall and regular passing enquiries.
The agency has a large database for search and selection processes, and has an excellent reputation for speedy service. Fully computerised the business had developed strong strategic assets in one client. The business has an excellent reputation for niche expertise and a specialist quality service, constantly gaining new referrals and repeat business. Very performance orientated the agency operates with extremely lucrative margins.
The reputation of this agency has been responsible for high levels of business and is a very popular resource with its database of clients.
The success of this business’s client relationships is characterised by their use often as an offsite HR department.
Key Opportunities:
This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities in the up-turning market. The Company has a very strong base/history from which to develop further business and has an established market place. With constant demand for services further investment in recruiting more personnel would boost the consultancy services within the Company and lead to increased turnover.
Advertising and Marketing:
The Company is highly credible and continually advertise through the most appropriate and successful medium of trade awareness. The best form of advertising is "Recommendation". The business regards existing clients as their best advertisers, bearing testimony to the excellent reputation the business has earned since inception.
Premises:
The offices are on two upper floors, the first being open plan and approximately 500 square feet and the second also approximately 500 square feet and comprising two offices/meeting rooms with a kitchen area and private toilet facilities. The premises are on a short flexible lease with 6 months remaining on a renewable agreement.
The rent is £10,000 per annum with rates of £3,000 payable.
Financial Information:
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 business is financially stable and operates with low overheads with consistent strong growth in profits. The current turnover is circa £2 Million with a net profit of circa £280,000.
Employees:
The business employs:
2x Company Directors
2x Industrial (Temp) Consultants
1x Commercial Consultant (Temp & Perm)
2x Part Time payroll & admin staff
1x Utility staff
Reason for Sale:
After establishing this business successfully the vendors wish to “try something new”.
The vendors are happy to provide full training for the new owner and will ensure the successful purchaser is fully conversant with the operation of the business in order to continue its success | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CE74 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
