Owner Financing is Available!
Business Overview:
Successful, well-established Iowa business-to-business human resources supplier. In business since 1999, the company unites talent with local employers. They fulfill common & hard to find niche service in the personnel resource industry providing for office & industrial needs. The business satisfies both temporary placements that have continued for up to 5 years & temp. to permanently placed position needs in assembly, packaging, warehousing, shipping, administrative support, secretarial, accounting, banking, finance, insurance, retail, management, IT, & sales. The business was originally affiliated with a national franchise system that discontinued operations several years ago.
The owner is the only full-time employee & serves as the manager with one dedicated & skilled part-time employee being groomed for management. This is a well run & organized employment service business offering a professional environment for a buyer. The owner has developed & refined simplified policies, procedures, & tools allowing for efficiency, effectiveness, risk management, & low overhead leading to high gross profit & net cash flow margins & nearly nonexistent bad debt write-offs.
The business enjoys a strong reputation & loyal base of about 30 clients with most business repeat or from referral. Clients consist of Fortune 500 companies to small privately-held firms.
Tremendous growth potential & a great add-on for a strategic buyer as the owner spends limited time working in the business & invests conservatively in the business. An enthusiastic individual or corporate acquirer could grow market share by adding recruiters & expanding on current relationships. There are many sources to finance receivables for this industry allowing a buyer to leverage their capital.
The current owner will eventually be retiring & wants to ensure a smooth transition to new ownership. The motivated seller may be open to continuing with the company on a flexible, part-time basis into retirement.
The business recently experienced improved revenue & profit as the economy has improved & job demand has increased. The owner has focusing on North Central & Northeast Iowa employers & jobseekers.
This opportunity is strictly confidential. All interested buyers will be required to sign a Nondisclosure Agreement and provide an acceptable financial statement or verification of funds prior to obtaining any additional information.
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.
Property Features and Assets:
Excellent, visible, convenient, high traffic, store front location near retail, fast food, & offices. Approximately 1100 sq. ft. office leased, very suitable for this type of business with room to grow or subdivide/share & centrally located among clients.
Market Competition and Expansion:
As an established, recognized leader in local area for labor staffing with commonsense screening process & tools, opportunities stem from focusing on niche, relationships, & service & taking advantage of low overhead for higher profit margins or pricing options.
The company’s strong customer base, proven capabilities & outstanding reputation present strong base to increase market share & revenue through the investment of time, attention & capital in human resources & marketing. An energetic, well-founded buyer could expand sales & business development efforts beyond just word-of-mouth & networking. With no limit on territory, there is ample opportunity for geographic growth into adjacent markets.
The business could also diversify into national & international employment search services seeking growing niches such as agribusiness, healthcare, insurance, information technology, science, & engineering industries. The staffing industry is expected to generate more new jobs over the next decade than any other industry. A business that can build equity, has repeat customers, provides a service needed by every company, allows for high gross margins, & affords the chance to be a respected member of the community & contribute positively to the community.
In addition, the business could diversify into personnel consulting & related services.
This business might also be compatible with the growing home health care industry due to Iowa having the 5th oldest population in the U.S.
Reason for Selling:
Semi-retirement & retirement planning
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 not a franchise resale opportunity.
Resources: