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Successful Hertfordshire-Based Nursing Agency with £6m Turnover Up for Sale

 Undisclosed, Hertfordshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/11/23

  • Advert ID

    602553

  • Reference

    B07596 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Nursing Agency

Business
Please quote reference number B07596.

Highly successful and lucrative off-framework nursing agency with established partnerships in place across private and public sectors and a history of excellent profits. The business is run entirely remotely with low overheads and operational costs making it ideally scalable and in the perfect position to thrive in new hands.

Established in the early 2020s, the business started from the owner’s home and quickly became the UK’s fastest-growing off-framework nursing agency.

 

Their aim from the get-go was to become one of the top nursing agencies in the country, with an ethos to be readily available and provide impeccable service for any staffing requirements, particularly in the last-minute supply of impassioned agency nurses of all grades and specialisms.

 

The company caters for a wide variety of specialisms, including nursing (all disciplines), children’s services, support staff, complex care, and primary care, among many others.

 

The business has developed and kept an excellent reputation since its inception during the pandemic, during which time it established long-lasting partnerships and trusted clients. A number of these partnerships are still in place, including with NHS Trusts across the country, schools, private healthcare providers, community hospitals, local authorities and mental health units.

 

In 2022-23 the business reached a new milestone, hitting the highest reported margins and quickest growth for off-framework. It now reports turnover of over £6m, a testament to the forward-thinking and highly ambitious strategies in place.

 

The business operates remotely. There is scope to improve marketing and sales strategy, by transferring some of the active calling responsibilities from the owner to other members of staff.

 

The business is now in an optimal position to grow as much as 20% a year, a goal that could be achieved in 3-4 years with the right marketing strategy in place and under supervision of new owners.

 

 

The business has several distinctive capabilities to stand out from its competitors and attract the prospective purchaser, including:

 

  • Small with large profits: few staff members and modest operations, making increasingly large profits.
  • Turnkey opportunity: the business is well-established and ready for the new buyer to take over.
  • Promising financial profile, with turnover over £6m as per the 2023 accounts.
  • Attractive to candidates due to its off-framework status, but with scope to become a framework agency if desired by the new owners.
  • Working with staffing specialities, with trusted and reliable clients.
  • Experienced and loyal team.
  • Dependable income stream and agreed contracts, with 100% repeat business recorded over the past 12 months.
  • Excellent digital assets and branding, including clean logo and website.
  • Zero debt company, which has remained 100% profitable to date.
Highlights - 

  • Highly lucrative.
  • Excellent reputation.
  • Partnerships in place.
Opportunities - 

  • Continue and further profitability.
  • Expand scope.
  • Become framework agency.


Location
The business operates fully remotely and is easily relocatable.



Premises
Remotely operated business.



Tenure
Relocatable Business Only.



Hours
The business operates all the year round.



Staff
The business comprises of 6 members of staff..



Financial Profile
Turnover IRO- £6m for 2023.

  • 100% share capital.
  • Interested parties to sign an NDA.


Read more

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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