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EXPRESSIONS OF INTEREST | SPECIALIST RECRUITMENT FIRM IN NICHE SECTOR

For Sale: Expressions of Interest






Business Overview


*** The vendors of this business are seeking Expressions of Interest to acquire the shares of this successful and profitable operation, all offers and proposed terms must be submitted by COB 17th May 2024. Whilst we will make all best endeavours to keep you informed, our client reserves the right to enter a binding contract prior to this date without further notice to interested parties ***


This specialist recruitment firm has a significant competitive advantage through niche and complementary offerings to their core white collar service.


The firm has developed an enviable blue chip customer base, highly reliant on their recruitment services for permanent and temporary placements. The customer base is considered diverse, with the business not reliant on any one key/dominant customer.


The business has demonstrated revenue in FY23 exceeding $6.6M. The average EBITDA over FY23 and FY22 is $1,182,541 or 18.34% of revenue. With the introduction of new services in FY24, the business is continuing to expand at an accelerated rate.


To accommodate growth, the business has increased their recruiting consultants, making a team of 16 consultants including the owners. The owners work in a capacity of approximately 50% billables each and can easily transition their billables to the high performing and well remunerated team members without effecting the bottom line or needing to increase current staff levels.


This business represents an opportunity to acquire strategically, that will stimulate new service in roads to corporate customers with a multitude of personnel needs.


The business operates in a commercial office approx. 175sqm, comprising of a bull pen, board room, reception, and two executive offices. The base rent is $201,250 per annum, which represents around 2.3% of total revenue (based on FY22). The lease expires in 2025 and can be renewed or the business can be relocated with minimal fuss.



Key Features


  • Rapidly growing business in white collar recruitment space

  • FY23 revenue exceeding $6,600,000

  • Average EBITDA for FY23 & FY22 is $1,182,541 or 18.34% of revenue

  • 16 consultants including the owners, all employees are high performing and loyal to the brand

  • Diverse customer base without dependancy on any key/dominant customers


 

Buying a business is easy with Vision


"We understand that as every business is different, so is every buyer. Ask your broker about the information the Vendor will make available as part of due diligence so you know what to expect at the beginning of the process."


Daniel Kogan

Senior Partner

Licensed Business Broker


m: 0401 620 918

t:   (02) 8923 2632



Dan Levitus

Senior Partner

Licensed Business Broker


m: 0450 326 146

t:   (02) 8923 2632




The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.

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