Business for sale

Business description

Downpayment: £100,000
Monthly Payroll: £2,500
FF&E: £3,500 (Included in Asking Price)
Inventory: n/a (Included in Asking Price)

Business Summary
This well established Temp Agency based in North London is offered for sale with an excellent & diverse corporate client base, well spread over several market sectors including Mail finishing, Retail, Event work, Delivery and Removals. With many long term clients this business likes to offer a personal service to their customers regardless of size. Started in 2003 by the current owners, sales have improved steadily and consistently over the last 4 years to a current turnover for the year ending March 2007 of £730,000. This business provides a temporary staffing solutions for commercial & and industrial customers who demand fast response and a high quality, cost competitive service for: • Event Work • General Services • Mail Sort & Print Finishing • Delivery • Removals Top Five clients account for Approx 70% of sales, with the top client no more than 20% of sales. Many client operate preferred supplier agreements which the business benefits from. Operating from spacious Shop front offices with off-street parking, the business is well located for the temps to get to and from. HR Functions are currently subcontracted out to Peninsular, releasing the owners to concentrate on operating and growing the business. With its knowledgeable staff, impeccable service standards and reputation, and a diversified customer base, this business represents an excellent opportunity to purchase a fully functioning and Cash Generative supplier of temporary staffing solutions with exceptional opportunities for existing businesses in similar markets to enjoy considerable synergies and cost savings.
Building & Property
Building: 560
Monthly Rent: £608
Real Estate Available: No

General Information
Reason for Sale: Family illness and to concentrate on other business interests.



ListingID#: NWLONT000195