Professional & Clerical Staffing Services in RI

Warwick, RI
Kent County

Asking Price: Annual Revenue:
$1,426,000 $3,716,080

Services: Business & Office Services

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RE: Professional & Clerical Staffing Services in RI Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,426,000 12.5% Buyer Down Payment $178,250 12.5% Seller Financing or Equity Roll $178,250 75% Bank Loan $1,069,500 A 12.5% down payment of $178,250 returns $208,500 in the first year after debt payments!

Quick Facts

Asking Price: $1,426,000
Annual Revenue: $3,716,080
Net Profit: Not Disclosed
Cash Flow: $391,198
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 161534398
Broker Reference #: OFF009

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Business Overview:

Well-established for over 17 years, this full-service staffing firm has several long-term client relationships in place! Providing staffing for temporary, temp-to-hire, and direct hire placements in the state of Rhode Island, clients include a variety of businesses and corporations, large and small. The team consists of 2 Full Time employees (the owner and 1 Staffing Specialist), as well as 1 on-call Staffing Coordinator and 55-60 temp employees on assignment as needed. Placements range from part-time, short-term positions to long-term opportunities. Several of their placements have remained in those positions for 10-15 years. Currently, they are receiving 5-10 new orders on a weekly basis. Their placement process can take anywhere from 2 weeks to 2 months, depending on the needs of the client. Well-respected in their community and known for providing exceptional service and always being accessible to their clients, this staffing firm is in a prime position for growth under new ownership.

Certified as a Rhode Island WBE/DBE, many national firms contact this company to partner with them; one such healthcare company was awarded a bid to set up a contact center in Rhode Island and develop the healthcare program for the state. Partnering with this staffing firm resulted in direct hire business for the VP of Human Resources, Business Analysts, Business Consultants, Instructional Designer, and recruiting personnel including skill assessments and language assessments.

Priced at $1,426,000 a 12.5% down payment of $178,250 returns $208,500 in the first year after debt payments – a 117% return on investment! This business already has a solid reputation in place and the majority of new business comes from word-of-mouth referrals. Creating an internet presence with a website and social media accounts would certainly expand the client base and increase revenue.

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Market Competition and Expansion:

Growth Opportunities: Create internet presence with a website and social media accounts.

Reason for Selling:

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.

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