Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Established Model Agency

LISTING DETAILS
Firms For Sale ID:
35164
Vendor reference:
CN060
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,000,000  
Turnover / revenue:
£774,000
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Ref No: CN060,
Established Model Agency.

Providing professional models, actors, presenters & creatives to the advertising & creative industries for over 20 years.

Relocatable.
Asking price: £1,000,000 + Net Assets.


Business Profile
This business was set up by the vendor over 20 years ago and has grown in that time to become well established and profitable. The business specialises in offering professional models, make-up artists, stylists, actors and presenters, to advertising agencies & other promotional agencies and for some of the best known brands in the world.

The company has established itself at the forefront of the industry and has earned an enviable reputation that has resulted in long term loyalty from its extensive client-base and continually invests in its talent recruitment to ensure that it maintains its position as one of the most advanced and comprehensive providers in the marketplace.

As well as sifting the more than 80 enquiries from budding talent that the company receives every day, staff are continually alert to the opportunity to source candidates.

All of the necessary equipment and intellectual property is included in the sale and the core team manages the majority of bookings leaving the vendor to concentrate on financial management. The core management team of bookers and administrative managers have been very carefully recruited by the vendor to guarantee that their enthusiasm, energy & attitude to client service matches his own held belief; and the results speak for themselves.

Staff understand client requirements profoundly and their client-product knowledge means that the business can react in the quickest possible time to sudden need and for immediate impact, this has led to staff at the company becoming a deeply embedded part of the client community.

The business is very successful and highlights include:
• Loyal long term clients
• The business has been around for over 20 years and is a solid repeatable business opportunity
• The business has untapped potential and is highly scalable
• Comprehensive client and product knowledge
• Solutions to complex requirements
• Very strong key client relationship

The business is managed by the Vendor who has implemented a very efficient management system for detailing the terms of each day’s and week’s jobs to staff. Staff and staff are fully conversant with the business’ techniques and methodology and are more than capable of enabling a new owner to successfully maintain continuity of trading.


Equipment:
The business has a comprehensive stock of equipment and facilities; a full list is available by request.

Customer Service:
The vendor and staff manage the clients on a day-to-day basis.

Key Strengths:
The business has many strengths including
• Enviable reputation in the sector that it serves
• Embedded customer base
• Exceptional levels of service
• Highly reliable staff
• Mobile & easily remotely managed
• The business is relocatable
• Equipment stock is comprehensive
• Attractive office premises and is relocatable

Growth and Expansion:
The vendor has managed this business according to the demand made upon it and is highly confident that a new owner could exploit the current resources for significant account growth. It is also believed that other offices in other key locations in the UK would yield significant results; the company’s UK wide reputation would surely enable a successful outcome.

Employees:
The vendor is supported by:
2 x Model Bookers, duties include:
• processing applications
• scouting and development of new talent
• booking jobs including associated admin
• processing images and updating web pages
• negotiating fees
• marketing and sourcing new business
• general office duties

All staff are highly experienced and a real asset of the business.

Premises:
The business is managed from a modern office/studio with 5 work stations and storage of circa 700 square feet in a popular and well known town, close to a main line railway with excellent links to Motorways and trunk roads, London, the rest of the UK.

The lease period is flexible with monthly rent of circa £1,350.

We are informed that the Landlord is willing to negotiate a new arrangement if necessary.

Business Hours:
Monday – Friday: 09:30-18:00

Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover: c. £774,000 per annum (2021 accounts)
Adjusted EBITDA: c. £265,000 (before Directors’ drawings)
Net Assets c. £306,000

The business is still growing and turnover for the 6 months to the preparation of this memorandum was circa £750,000 with adjusted EBITDA for the year end in excess of £300,000.

Reason for Sale:
The vendor feels he has taken the business to the limit of his expertise and now wishes to commit his time to new projects.

Support and Training:
The current owner would be happy to provide full training and support at handover.

Asking Price:
The Asking Price of £1,000,000 excluding net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £306,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £306,000 at completion.