Professional & Clerical Staffing Agency

Providence, RI
Kent County

Asking Price: Annual Revenue:
$549,000 $2,178,088

Services: Business & Office Services

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RE: Professional & Clerical Staffing Agency Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $549,000 25% Seller Financing $137,250 75% Buyer and Bank Loan $411,750

Quick Facts

Asking Price: $549,000
Annual Revenue: $2,178,088
Net Profit: Not Disclosed
Cash Flow: $100,530
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 161534398
Broker Reference #: OFF009B

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Business Overview:

This staffing agency specializes in fulfilling the needs of their extremely diverse nationwide client base in the professional and clerical fields. Servicing customers that range from small businesses to large corporations, they offer multiple routes of staffing solutions to fulfill any business’s needs. This includes full-service, temp-to-hire, and direct hire staffing and payrolling services. These services can be utilized for part-time, short-term, or long-term opportunities, and several placements have remained in their positions for 10-15 years after placement. Located in Rhode Island, the current staff operates out of a 1,100 square foot leased building with a reception area and private offices that are perfect for interviews and different skills or communication tests. The team consists of 2 FT employees, 1 staffing specialist, and 1 on-call staffing coordinator as well as 55-60 temp employees on assignment. The current owner has offered 1-2 years for a transition/training period to ensure as smooth a move as possible for staff, clients, and the new owner.

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.

Having been established 18 years ago, this agency is well respected in their community and are currently receiving 5-10 new orders on a weekly basis. With a turn around time of 2 weeks to 2 months depending on the needs of the client, this business is known for providing exceptional service and always being accessible to their clients.

Priced at $549,000, this business already has an established client pipeline in place with the majority of new business coming from word-of-mouth referrals. A simple opportunity for new ownership to grow the business, and their current pipeline, would be to establish an internet presence consisting of both a website and social media accounts.

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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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