Professional Practice Specialising in the Hospitality & Leisure Sector - Project Management and Cost Control – High Quality Client Base
This consultancy business was established in the 1930s by the owner’s grandfather. The current owner has been running the business since the mid 1990’s and having managed remarkably successfully through the pandemic, he is now able to return to his plans to sell, in order to enjoy a well-earned retirement.
The fee-earning team comprises 6 full-time consultants (excluding the owner) plus a part-timer. Five of the full-time staff are in their 20s, 30s and 40s. The business operates mainly in the UK but also in Europe where one of the executives is based.
Clients are mainly larger international businesses looking to develop their brands across multiple sites in the UK and Europe. Annual fees per client vary from under £10k to £150k, averaging at around £50k.
The owner takes pride in the business being able to ‘do as little or as much as required to suit each Client’s individual needs…... whilst remaining truly independent in our approach but still working very closely with the Client’s in house delivery Team’
The business is based in short-leasehold offices in a prominent town in the Midlands. As a result of the pandemic, the executive staff continue working flexibly, attending the office on a part-time basis when necessary. This works well for this type of business
The business is on track to generate fees of circa £800k in 2022 generating a profit of just over £250k before owner’s drawings, which will be a very similar result to the 2021 year end. This represents a return, after the challenges of the pandemic, to levels achieved in previous years and is expected to be sustainable going forward.
The Guide Price for 100% of the shares of the business is £675k – the owner is expecting to remain with the business for up to 2 years and is prepared to consider some deferment linked to performance over that period.
Location: West Midlands
Sales: £XXXk Adjusted EBITDA: £XXXk
Guide Price: £XXXk
Contact: Peter Wilson or Peter Schofield
Info@anderson-shaw.co.uk 02476 100476
Anderson Shaw Reference - ASCFL/ProjMan