Staffing Support for Military & Federal Agencies

Not Disclosed, NY


Asking Price: Annual Revenue:
$2,795,000 $5,823,770

Services: Human Resources & Staffing


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RE: Staffing Support for Military & Federal Agencies Broker: Cortney Sells
Owner Financing is Available!
20% Seller Financing or Equity Roll $559,000

Quick Facts

Asking Price: $2,795,000
Annual Revenue: $5,823,770
Net Profit: Not Disclosed
Cash Flow: $627,203
Total Debt: Not Disclosed
FF&E: $389,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 6
BBN Listing #: 977334398
Broker Reference #: OFF016-B

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Business Overview:

This business provides staffing & labor for military branches and federal agencies such as the Navy, Air force, DOT, DOL, and DOD. They recruit and place personnel in very diversified positions including administration (receptionists, data entry, IT support, training leads, and program managers to name a few). Their highly trained staff is made up of 1 Controller, 1 In House Counsel serving as HR and Foreign Security Officer, 1 Business Development Representative, and 3 Admin, along with roughly 70 billable contract staff. Of the services provided, administrative support makes up 50% of their services, program management is 15%, Logistics makes up 30%, and IT is 5%. This business operation is very similar to a staffing agency.

While there are two owners currently, one is basically just oversight and would not need a replacement moving forward, and the other is willing to stay on board for 3-4 years post-close to ensure a smooth and successful transition and ongoing growth. Overall growth opportunities include expanding on the current potential for IT contracts, a great opportunity for a tech business to expand their services and expand their client base into the government sector. The working capital of nearly $400,000 will be given to the buyer and, with the low equipment needed, capital expenditure is nil.

Priced at $2,795,000, this business is perfectly positioned for a buyer to step in and continue the already consistent year over year growth trends. As a show of good faith, the current owners are willing to carry 20% of the financing. This is to help prove their vested interest in the ongoing success of the company.

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Property Features and Assets:

R & Unbilled: $604,000 A/P: $215,000 Working Capital Included: $389,000 Capex: Under $10,000

Market Competition and Expansion:

Expanding on the current potential for IT contracts, a great opportunity for a tech business to expand their services and expand their client base into the government sector. Note: They are NOT an 8a and have not had any clients from MBE in several years. They are SDB (Small Disadvantaged Business) certified.

Reason for Selling:

Retirement

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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