Fully describe the business's activities?
The business is a specialist recruitment company, whose niche focus is predominantly office staff placements in finance, insurance and legal fields as well as information technology and human resiources markets. Temporary , Contract, as well as Permanent placements are effected.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The staff focus on providing quality results to an ever growing client database. Staff interview candidates, embark on telephonic references and if required test the candidates skill sets.
How are the clients attracted to the business?
The company has a long list of existing clients where the majority of the business comes from. New clients are sourced on an ongoing basis via direct contact.
What Advertising/Marketing is carried out?
The company utilises social media platforms such as facebook along with pnet and its own website to develop business on an ongoing basis.
Does the business have any contract work?
YES. There is contract work from large companies who will use their services exclusively. Tempoarary Staff that have already been placed, will often be converted to permanent staff and a full fee is then charged.
What competition exists?
There are a few other agencies in the area however this agency focuses on the top end of the market where there is no opposition with the same reputation and history.
What are the seasonal trends?
There are no seasonal trends and bussiness is stable throughout the year. This slows slightly over the Christmas season.
Is the business VAT Registered?
What VAT documentation is on file?
For the past 3 years
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
For the past 4 years
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Innovative marketing will increase the volume of business.
Is Seller finance available and for what amount?
What is the total staff complement?
4 staff members
Give a breakdown of staff/ functions/ length of service?
Most staff membershave been in the business for the past 5 years. They interview selected applicants before recommending them to the client for a position. There are 3 executive consultants plus one junior consultant.
Do any receive special perks or incentives?
They work on a small basic and have commission parameters for production targets
Are they on contract?
Do any have management potential?
One senior member has potential and has been empowered and mentored in this regard.
How involved is the Owner in running the business?
The owner has been minimally involved over the past 3 years as she moves to retirement.
When does the current lease end?
The lease is on a month to month basis
Is there an option of renewal & what period?
The new owner will structure a new lease for the business
What is the annual escalation %?
What are the trading hours?
0800 -1630 hrs 5 day week
What is the square meters of the business?
120 square meters
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
Normal municipal business licence
What lease deposit and/or other surety is required?
The new owner will be responsible for these terms and conditions
What are the main assets of the business?
Desking, computors and an updated software programme.
Are any items not included in the sale?
What is their overall condition?
All assets are in good condition
Do any require repairing?
How have they been valued ?
At replacement value
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Very well known in the city for quality service and there are many repeat transactions from the large database of clients. These clients are serviced by a well trained and highly skilled staff using effective and well established screening systems.
There are no apparant weaknesses.
The owner is looking at relocating offices into the CBD of the city, so that it will become more visible and available to walk in trade customers/applicants.
No treats perceived
What is the reason for the sale?
The owner is retiring to a new city and will be unable to continue managing the business.
Why is this a good business?
Well established and known for quality service. Profitable and the staff are well trained who can work independent of management presence.
What is the price plus stock and the net profit?
Selling Price is R750000 and the net profit is R498136 per annum
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