Niche Sector PR Agency – Hair and Beauty – For Sale

Reference Number: HFS064

Location: Central London, UK

Turnover: £250k

Status: Offers Invited

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Click to download Non Disclosure Agreement

Business Overview

  • An outstanding opportunity to acquire an established and profitable London based PR agency specialising in the rapidly expanding hair and beauty market.
  • Established since 2002, the business has a very strong trading track record for the 13 year period.
  • This is an ideal opportunity for an entrepreneur or an established PR or communications agency to acquire a PR business that is well regarded and successful in its identified niche.
  • The business has an excellent blue-chip client base of household names.
  • The business has serviced 19 clients in 2014/15 and there is a good spread of revenue from these clients with no single client accounting for more than 15% of revenue.
  • The business has 12 retainer contracts with a 2 – 3 months’ notice period that account for 78% of 2014/15 revenue.
  • The hair and beauty market is very buoyant and the vendor is currently turning away work because it lacks the resources to deliver it.
  • The business has grown well during 2014/15 with outturn revenue expected to be in the region of £254k, up 28% on 2013/14.
  • The vendor has put considerable effort into getting costs under control thus putting the business in a healthy profitable position. EBITDA for 2014/15 is forecast to be £56k.

Premises

  • The business operates from leasehold offices in Central London.

Employees

  • In addition to the vendor the business has a team of 3 full time employees.

Reason for sale

  • The sale of the business has been instructed by the Vendor who is looking for a more focused career direction specialising in business development and campaign planning. The vendor is committed to a full handover to ensure smooth transition into new ownership.

Financial overview

Year ending 30th Sept 2011
(12 months)
31st March 2013
(18 months)
31st March 2014
(12 months)
31st March 2015
(12 months)
Forecast
Sales revenue£98,947£322,712£199,178£253,822
Gross profit£96,289£311,700£189,649£244,293
Percentage97%97%95%96%
Adjusted EBITDA£4,787£49,352-£6,113£56,081
Percentage5%15%-3%22%
  • Adjusted EBITDA is stated after having accounted for the replacement cost of the vendor.
Offers Invited

 

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