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LocationSouth Africa, KwaZulu-Natal

Sector - Sales & Services

Asking Price
R995,000
Monthly Profit
R 42,709
Asset Value
R 10,000
Stock Value
R 0
Yearly Net Profit
R 512,510

Summary

Established 22 years. The owner has relcoated and is finding it difficult to manage business as before due to the distance well as her other commitments. The owner and the two staff operate from their homes - costs are a minimum. Pretax profit now back greater than pre-covid.

Give me more information

Fully describe the business's activities?

The placement of Permanent and Temporary staff with Client Co’s. Researching the client’s companies, industries, trends, marketing our services, placing adverts for all the available positions, actively seeking candidate through P Net, LinkedIn etc shortlisting applicants by going through their CV’s, following up on their references, credit record, interviewing over Zoom, WhatsApp video and in person. Testing candidates when applicable. Scheduling interviews for candidates to meet with the clients. Following up after the placements have been made, during the probation time only, making sure that it is working out both sides.

What Advertising/Marketing is carried out?

Our own website, as well as P Net, LinkedIn, Facebook and Instagram.

What competition exists?

2/3 other employment agencies that have been going longer than us and also a few newer ones.

How could the profitability of the business be improved?

Since the pandemic we are all working from our individual homes. Hiring an office again and implementing more hands-on Management should improve profitability further.

What are the trading hours?

Monday to Friday 8:00 – 16:30

What are the main assets of the business?

Computers, printers and software

Strengths?

Well and long-established name. Repeat business from long-standing clients. Two experienced staff members with >10 years of experience and service in the Company.

Weaknesses?

General downturn in economy.

Opportunities?

Hiring an office again and implementing more hands-on Management

Threats?

Extended Covid pandemic.

What is the reason for the sale?

Owner relocated 3 .5 years ago and is finding it difficult to manage business as before due to the distance as well as her other commitments.

Location

Contact | Enquire

Mike

Mike Smith CA

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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