EXPRESSIONS OF INTEREST | SPECIALIST RECRUITMENT FIRM IN NICHE SECTOR

Sydney Region, NSW
Asking Price $5,000,000 EOI
About

*** 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

To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.xxxxx-recruitment-firm-in-niche-sector

Or for further details contact Daniel Kogan on xxxxx or xxxxx.

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