Staffing Firm for Temp-to-Hire

Not Disclosed, RI


Asking Price: Annual Revenue:
$540,000 $2,428,401

Services: Professional


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RE: Staffing Firm for Temp-to-Hire Broker: Cortney Sells
Owner Financing is Available!
25% Seller Financing $135,000 75% Buyer and Bank Loan $405,000

Quick Facts

Asking Price: $540,000
Annual Revenue: $2,428,401
Net Profit: Not Disclosed
Cash Flow: $135,530
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 305034398
Broker Reference #: OFF009-C

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Business Overview:

This staffing agency specializes in fulfilling the needs of their diverse client base in the professional and clerical fields. 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. 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. Having been established 18 years ago, this agency is well respected and are currently receiving 5-10 new orders on a weekly basis, with a turnaround time of 2 weeks to 2 months. Servicing customers that range from small businesses to large corporations, they offer multiple routes of staffing solutions to fulfill any business’s needs. 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 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.

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 $540,000, 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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Property Features and Assets:

Office Equipment: Office furniture, fixtures, and equipment, full client list. Intangible Assets: Long-term client relationships, word-of-mouth referrals, well-respected in the community. *amounts may vary, assets may be depreciated, replacement cost, or fair market value.

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.

Documents:

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