Yes. You don’t need any sector experience at all to run or own a recruitment agency. If you are doing permanent work only then this may not be too much concern, but if your company does temporary too then it will make things a bit more complicated. There is nothing to stop you owning it, but you will need plenty of experience to keep a temporary desk going – its high stress level work.
For a further discussion on this, please get in touch with us and we would be happy to talk through what you need to do, as well as give you recommendations as to how to do it.
If you are seller, we do not charge any fees, unless you require our premium services including valuations.
Buyers only pay us a fee if they conclude a deal with a seller. We agree what this fee will be at the outset – it is a fixed fee, not a percentage.
For sellers there are no hidden fees, exit penalties or advertising costs. We are an ethical broker and we want to be different to the majority of brokers out there who frontload their fees to sellers and do very little to market businesses out to buyers.
Quite simply – the staff. Without the staff, your recruitment agency is probably close to worthless, unless you have strong evidence of ongoing work and good contracts. So next time you think about firing someone for not achieving their monthly target, take a breath and think it through.
Recruitment consultants with provable billing records and a history of maintaining and building strong connections add immense saleability to your recruitment agency.
There are a few reasons for interest in buying recruitment agencies – some of which you may not realise!
- Expansion – other agencies in similar sectors looking to expand their reach, whether geographically or simply to increase the size of their order books.
- New sectors – it is incredibly difficult to decide to set up in a completely new sector and a lot easier to purchase a business already operating and known for its work in an area – an example of this is legal recruitment.
- Financial issues – if a company has financial issues with substantial debts, they may look to acquire a fresh business and then move forward with that and allow the existing company to go to the wall. This is probably more common than you would imagine.
- Step up the ladder – we get parents of recruitment consultants looking to acquire an employment agency to give their children a leg up with their career.
- Skip the first 5 years of start up – lets face it we’ve all been there. You set up a business, its very exciting etc. but how many years does it take to actually give you a regular income? Much easier to acquire an existing agency with clients and staff.
- Other companies moving into recruitment – we hear this all the time in all sectors – ‘surely it can’t be that hard to do recruitment/accountancy/law/surveying etc.. I’ll set up myself and prove it can be done. After all, recruitment consultants just send out CVs and get paid a load of money.’ Obviously these types of buyers can be a good option, regardless of the shock they get when they realise how difficult recruitment consultancy can be!
- Its a good business – you may not realise it, but there are some very attractive recruitment agencies out there for buyers to acquire – yours may well be one of them. Contact us today for a chat.