IT Recruitment company for sale...

[richard-af]

Because all the due diligence and crap involved in buying a small company for a small proportional increase makes it hardly worthwhile. If it is niche or brings in new clients then maybe. In terms of adding to profits simply buying it for 10 contractors who may be due to finish next week does not make it worthwhile.

Thanks! Now I know!

[DodgyAgent]

I just don't get it!

Because all the due diligence and crap involved in buying a small company for a small proportional increase makes it hardly worthwhile. If it is niche or brings in new clients then maybe. In terms of adding to profits simply buying it for 10 contractors who may be due to finish next week does not make it worthwhile.

[richard-af]

Big agents are more interested in adding to their size. £1 million on turnover makes it more trouble than it is worth.

I just don't get it!

[DodgyAgent]

Why no interest? £280K is just a starting price, surely? Wouldn't a big agency want to get its mitts on 10 earners for less?

Big agents are more interested in adding to their size. £1 million on turnover makes it more trouble than it is worth.

[richard-af]

10 contractors. It is not worth 200p. My guess is that the owner has financial problems. Having said that a big agency will not be interested

Why no interest? £280K is just a starting price, surely? Wouldn't a big agency want to get its mitts on 10 earners for less?

[DodgyAgent]

10 contractors. It is not worth 200p. My guess is that the owner has financial problems. Having said that a big agency will not be interested

[richard-af]

If this was a worthwhile investment, the Super Pimps would have snapped it up... but they didn't. QED.

[The Lone Gunman]

Dodgy mate, come on, it's not that bad. Just because you dropped the ball with one placement doesn't make you useless. Don't sell up.Chin up old lad. You can do it.

[BoredBloke]

It's gross income might be £1m, but it's margins might be bugger all - therefore £280k might be a lot for it.

[milanbenes]

they turned over 1,000,000 they have ten contractors I guess at 10% margin that's 100k gross profit wonder what the net is and if the net is say 60 after costs then how do they get a value of 280,000

if the client book is worth 280k I will sell them the yellow pages for 275k

Milan.

[richard-af]

£280k? That sounds very low, for what it's supposed to be.

[n5gooner]

Do they really think they are going to get £280,000 when they can't spell ????

I suspect all your really paying for is the clent book.....

[Ardesco]

when looking at business for sale saw this, who wants in ??

http://www.daltonsbusiness.com/busin...nt/0-0-159817/

Located in LONDON, GREATER LONDON
£1,000,000 gross income
Relocatable
London based IT Recruitment business established seven years ago and dealing with Leading companies in their IT global projects providing contractors for long time contracts.
Very profitable market and huge potential for development.
Would benefit a company with contractor's recruitment desk, willing to expand throughout Europe, to do immediat business using the valuable database.
Easy to run business - ready for a quick sale.

£280,000

Do they really think they are going to get £280,000 when they can't spell ????

[richard-af]

when looking at business for sale saw this, who wants in ??

http://www.daltonsbusiness.com/busin...nt/0-0-159817/

Located in LONDON, GREATER LONDON
£1,000,000 gross income
Relocatable
London based IT Recruitment business established seven years ago and dealing with Leading companies in their IT global projects providing contractors for long time contracts.
Very profitable market and huge potential for development.
Would benefit a company with contractor's recruitment desk, willing to expand throughout Europe, to do immediat business using the valuable database.
Easy to run business - ready for a quick sale.

£280,000

Is it P4?

[n5gooner]

when looking at business for sale saw this, who wants in ??

http://www.daltonsbusiness.com/busin...nt/0-0-159817/

Located in LONDON, GREATER LONDON
£1,000,000 gross income
Relocatable
London based IT Recruitment business established seven years ago and dealing with Leading companies in their IT global projects providing contractors for long time contracts.
Very profitable market and huge potential for development.
Would benefit a company with contractor's recruitment desk, willing to expand throughout Europe, to do immediat business using the valuable database.
Easy to run business - ready for a quick sale.

£280,000