Arthur Wells and Mark Burling recently bought Workhorse Recruitment and Workhorse Safety , a specialist recruitment and safety business in regional Queensland, through Business Brokers Queensland (BBQld). They were looking specifically for this type of business as Mark had worked as an employee at a similar company and had experience in the field. Mark found the business advertised for sale on the internet through Business Brokers Queensland and Arthur then contacted BBQld broker Corey Pollock for more details.

Arthur handled most of the discussions, initially with Corey and then with the seller of the business. Having bought and sold businesses in the past, Arthur was familiar with the process in general terms, although he had only ever sold through a broker, not bought a business through one.

After having done their homework on the business for sale, Arthur and Mark decided that it was definitely what they were looking for. Arthur takes up the story:

“Having sold a business through a broker before, I suppose like many people I had a view of business brokers as a 'necessary evil'!  Corey and BBQld were in fact pretty helpful through the entire process - we got the information we needed when we asked for it and, more importantly, Corey helped us considerably by keeping the vendor patient while we went through a finance negotiation. This took a lot longer than we'd anticipated, largely because some of the funding came via a Federal program. All in all I'd say that BBQld were more involved in the process than I'd experienced in the past, and I think that certainly helped us seal the deal.”

Arthur's one piece of advice to prospective buyers of a business is: consider what you're buying – is it value for money as opposed to starting up the business from scratch yourself?

Arthur and Mark have been running the new business now for a few months and it's still early days, but both see a great future.

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Some more information on The Workhorse Group

The Workhorse Group will maintain the recruitment arm as an established leading recruitment agency for all industries.
 
Workhorse have also expanded their services over the past two years to include comprehensive coverage of their local regional area, based in Toowoomba, in the provision of a Total Human Resource Services to general industry. An emphasis has been placed on the industrial and processing sectors, specialising in labour hire and permanent placement services.
 
Workhorse Group will build on this success with an expansion of its services form the Workhorse Safety division to include a comprehensive Business Consultative service network throughout Regional Queensland and NSW. The consultative services focus on workplace health & safety and quality assurance.
 
For more details, check out www.workhorserecruitment.com.au or call Mark Burling on 07 4637 9611.