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Recruitment, Training and Supply of Social Care Staff to Local Authorities

Ref. CU043

Location : London

Asking Price : £350,000

Turnover : £1,097,084

Net Profit : £21,400

Gross Profit : £320,296

EBITDA : £102,397

Net Asset : £4,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Turnover circa £1.097,084 per annum

Gross Profit circa £320,296

Net profit circa £21,400

EBITDA circa £102,397

 

Repeat local authority placements

Registered member of RAC (Recovery Audit Contractor)

Excellent reputation

Long successful trading history

Well structured business

Business Profile

This business became a limited company in 2004, recruiting, training and supplying social care staff to local authorities by contract via managed service groups, who stipulate which authority the staff are for. Training rooms in the premises bring the staff up to grade to fill the posts to care for vulnerable children, adults and young people.

The business ensures that adequate checks are carried out on every candidate including Criminal Records Bureau checks to ensure that the local authority clients get the quality worker needed to match individual requirements. Local staff are employed and there are approximately 80 active staff working at any one time and circa 150 staff on the books.

The well structured business has an excellent reputation and trading history offering competitive and specialist services to authorities and has developed long term relationships with clients.

Customer Service:

The business has a reputation for quality and availability of trained staff and believes maximising customer services is a priority and is one of their main qualities.

Key Strengths:

The business receives many recommendations due to its efficiency, local knowledge, in-house self-certified training and excellent client care. The business name is very well respected with local authorities, which is reflected by the volume of repeat local authority placements and an ever growing need for staff in this sector.

Key Opportunities:

There are further opportunities available to market into private organisations to supply care workers for the NHS and the elderly and to expand into private child care services.

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.

Turnover circa £1,097,084 per annum, Gross Profit circa £320,296, Net profit circa £21,400

EBITDA circa £102,397.

Asking Price:

The Asking Price of £350,000 is for 100% of the issued capital of the company, assuming Net Assets of £4,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

The business has its own professional website showcasing the services and quality of the recruitment provided. There is very little marketing undertaken apart from this, a high percentage of work is gained through word of mouth reputation. There is the obvious opportunity of joining the popular social media to draw the attention of a much wider audience.

Premises:

The premises are leasehold on a 5 year renewable lease with a 3 year break clause. The annual rent is £19,080 and zero rates.

Situated in a prime high street location within the Olympic Local Authority area the property comprises of two units with security shutters totally circa 1,000 sq. ft.

Business Hours:

Monday to Friday: 9am – 5pm plus weekends on call

Employees:

The two owners started the business and now employ

Full time;

1 x Recruiter

1 x Apprentice

Part time;

80 Active care workers who are on PAYE while engaged with circa 150 on the books at any one time.

Support and Training:

Support and training will be provided to ensure a smooth transition of ownership.

Reason for Sale:

The vendors have been very successful in growing the company since inception, they now feel they have personally taken the business as far as they can and it would benefit from new input.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk