Summary
40 year history $500k + revenue 30% recurring subscriptions $300k profit to the principal
Revenue
$550,000 pa
Rent
$36,000 pa
Expenses
$194,000 pa
Net Profit
$320,000 pa
Location Details
QLD
The business is currently located in leased premises, with a month to month lease. It could be relocated as all client services are provided virtually. Or it could be located in a Home office.
Potential
30% of revenue is for an annual subscription to IR&HR data and Award data. Consultancy services are delivered on top of this subscription service to clients that need additional services.
There are significant opportunities for targeted marketing to increase subscriptions and hence consulting. The business has been growing organically with very little marketing effort.
Skills
The business has a small team of personnel with skills in the following areas;
a. Industrial relations advocacy including negotiation of enterprise agreements
and representation in various tribunals on behalf of employers
b. Advice in relation to modern awards and employee relations issues
c. Human resources advisory services
d. Payroll general advice.
Hours
Business hours during weekdays
Lease
Currently month to month lease that could be re-negotiated, or the business could be relocated, or operated from home.
Employees
1 full time (owner)
2 part time HR&IR
1 part time administration
Reason for Sale
Owner plans to retire
About the Business
This is a particularly good business for someone with HR&IR skills to be able to take on an existing client base with recurring revenue and then grow from this established base with strategic marketing and management skills, if that is desired.
Subscription clients have access to a bespoke portal that is designed to provide access to relevant, comprehensive and current data in relation to a wide range of IR and HR issues enabling clients to “self support” in many cases, before making contact, or instead of calling for assistance. This self support model has proven to be very popular with clients.
Many of the clients of the firm have been clients for over 20 years.
History
Established 40 years ago.
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