Business For Sale

H1B Long-Term IT Placement

Not Disclosed, IL

Asking Price: Annual Revenue:
$12,050,000 $25,946,305

Services: Professional

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RE: H1B Long-Term IT Placement Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $12,050,000 15% Buyer Down Payment: $1,807,500 15% Seller Financing: $1,807,500 70% Bank Loan: $8,435,000 A 15% down payment of $1,807,500 returns $1,269,559 in the first year after debt payments!

Quick Facts

Asking Price: $12,050,000
Annual Revenue: $25,946,305
Net Profit: Not Disclosed
Cash Flow: $5,014,178
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 352934398
Broker Reference #: PRO048

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Business Overview:

Since 2012, this company has been providing knowledgeable and professional staff for IT and software development departments in 24 states across the United States. All H1B visa holders working for this company are also sponsored by this company. With a bill rate of $63, there is an average gross margin of $15. This successful placement company earned over $23MM in 2017 alone! Working with a diverse client base, employees work in areas such as health care, hospitality, government, and retail. Currently working with over 300 individuals, this in-demand service is managed from Central Illinois.

Contracted placements are typically over one year or longer and clients often request 5-10 placements at a time. Employees relocate to the business location and fully integrate into the technology team on site. This business also works with H1B visa recipients to place highly-trained individuals into U.S. companies. Enticing employees to temporary contracted positions, this business offers health, dental, vision, and life insurance benefits. Though this company carries workers compensation, they have not had a claim as of October 2018.

Operating from a building that is available for continued lease, it may also potentially be available for sale outside the sale of the business. The current owner is fully involved in the day-to-day operations, but the company runs well without daily oversight.

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Property Features and Assets:

2,600 square feet: Private offices (3), conference room, kitchen, server room, oversized cubes (13); the building is available for continued lease or potentially for sale outside the sale of the business

Market Competition and Expansion:

Growth Opportunities: Increase recruiting efforts, build placement contacts, increase service area.

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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