Business Overview:
This new start up franchise staffing company has been established in Roseville, CA in 8/2008 and the current owner acquired in 3/1/2009. Even though all the ingredients for success and is ready for an owner operator to step in and add to the positives already in place, due to the owner’s health issues (open heart surgery been done) the owner is no longer able to run the business as such the company hasn’t had chance to be fully operated. So this is an asset sale and no financial is available.
The startup cost for typical business like this will be in the range of $145K to $225K with zero client bases. But it is priced at $75K for quick sale at the fraction of the cost instead of building up from the scratch.
The ranges of gross revenues for the franchisees are typically $1 to $2 million, 36% of the outlets were in this category and 13% of the outlets were in the category of more than $5 million sales in the periods of 9/1/07 to 8/31/08, which reports in the UFOC.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
In 2005, the American Staffing Association reported that staffing firms employed 2.9 million temporary and contract workers per day. As a time-saver and a cost effective way to hire people, companies are turning to these employment and staffing companies for their hiring needs. In fact, these services have gained so much popularity that the 30,000+ staffing and employment companies in the US are boasting revenues of close to $75 billion annually. Another trend that is allowing employment and staffing firms to achieve success is the aging population in the US. As baby boomers retire, these firms are finding more and more clients who need to hire people to fill the shoes of these retirees.
Reason for Selling:
Health
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is a distressed business or bankruptcy situation.