* Included in Asking Price
Private Investigators - Primarily Process Servers for the Legal Profession
(Local Authority Solicitors)
Asking Price £ 170,000
Asking price includes:
Turnover c£112,130 per annum
Gross Profit c£73,472
Adj. EBITDA c£71,496
Licenced by the Assoc. of British Investigators
Large client base of lawyers
Established reputation over 10 years
Significant growth opportunities
Established 2005, this well established, highly regarded Private Investigation Agency and Legal Process Server is fully relocatable. The business is a much sought after leading process server used by a group of solicitors to serve court papers; divorce, maintenance, claims etc., with leads coming from a large client database of lawyers providing quality regular work (principally local authority solicitors). Interlinked work comes through Varsity, (the Directory of Investigators & Process Servers) which features Investigators, Process Servers, Certificated Bailiffs, Security Consultants and many other related services throughout the UK and Ireland)..
The vendor employs two “runners” who handle a lot of the work and get paid a small fee; there is a never ending supply and demand for his services from a large group of solicitors who the company has built up a good working relationship with.
The business provides a fast, discreet, professional and efficient service with a first class success rate. It provides services to legal professionals and local authority solicitors across the UK and is focused on getting results.
The vendor started the business after seeing an ever increasing demand for this type of service and has since invested in the latest technology using an up to the minute Microsoft package.
This is a very well established, easy to manage business with all the necessary systems in place. This represents an excellent acquisition opportunity for anyone looking to enter this sector or alternatively for an existing operator looking to expand in this market.
|Facilities:||No premises are available with the sale of the business. The operational office could be replicated anywhere and so is relocatable. However it will need to be relocated within the geographic area it currently serves in order to maintain contact and continuity with its clients|
|Competition:||Well established, this business is in the enviable position of enjoying very high levels of awareness throughout its sector. As a result, the business has invested little in marketing in recent years. Using the Yellow pages and the Varsity Directory of Investigators top advertise their services. The business is about to undertake a 1st Direct mailing. With high levels of awareness, this business enjoys the most cost effective marketing of all, namely word of mouth recommendation.|
|Growth Potential:||At present the business does limited advertising. There is an immediate opportunity to acquire new clients through marketing and to upsell to existing clients and expand introducers – the law firms. Marketing the service and investing in a company website could attract business from even further afield and increase turnover and profitability.|
|Training/Support:||The vendor would like on stay and work alongside the new owner for up to 3 years to ensure the relationships he has built up stay productive and all the tricks of the trade he has learnt are passed over. He feels he has taken the business as far as he can and more investment is required in order to accommodate an ever growing business.|
|Sale Reason:||The vendor would like to emigrate in the next few years.|
Seller Reference #CJ023
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