Description of the business for sale
Established over 20 years, the Company specializes in the provision of temporary, temp-to-hire and direct hire procurement professionals to a nationwide base of financial, distribution, manufacturing and service customers including five (5) current Fortune 500 firms. The Company is distinguished by its personalized service and fast, efficient nationwide placement capability for approximately 1000 experienced professionals. The Company employs three permanent staff including the owner and operates out of a leased facility. Sales have been climbing in each of the successive three years and ownership projects that year-end 2007 revenue will be in excess of $850,000. Markup for the Company s 15-20 customers ranges from 1.40 to 1.60.
GROWTH: This business acquisition opportunity serves as an excellent roll-up opportunity for an existing staffing firm that could leverage long-term customer relationships and eliminate overhead by quickly integrating established accounts into their current business operations.
COMPETITION: Very niche market served. Company has only a handful of direct competitors nationwide.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Negotiable.
REASONS FOR SELLING: Transition to retirement.
|
Support / Training provided by seller
The owner is open to remaining with the Company for a reasonable transition period. The Staffing Manager desires to remain for 3-5 years.
|
|
Description of the facilities
Triple net lease; month-to-month;
|