Placement Firm Staffing Admin Roles: 100% Federal Clientele
New York City, New York
Asking Price: |
Gross: |
Cash Flow: |
$2,600,000 |
$6,213,662 |
$719,956 |
Furniture and Fixtures Value:
$389,000 (included in the asking price)
Inventory Value:
$0 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
This business operation is very similar to a staffing agency, theyprovide staffing & labor for military branches and federalagencies such as the Navy, Air force, DOT, DOL, and DOD.Provides labor across all 50 states, they recruit and placepersonnel in diversified positions including receptionists, dataentry, IT support, Training Leads, and Program Managers toname a few. Of the services provided, Administrative Supportmakes up 72% of their services, Program Management is 10%,Logistics makes up 15%, with IT only at 3%. Their highly trainedstaff is made up of 1 Controller, 1 In House Counsel serving asHR and Foreign Security Officer, 1 Business DevelopmentRepresentative, and 3 Admin, along with roughly 70 billablecontract staff. The working capital of nearly $400,000 will begiven to the buyer and, with the low equipment needed, capitalexpenditure is nil. While there are two owners, one is absent andwould not need a replacement moving forward, and the other iswilling to stay on board for 2-3 years post-close to ensure asmooth and successful transition and ongoing growth. As a showof good faith, the current owners are willing to carry 15% of thefinancing. This is to help prove their vested interest in theongoing success of the company.Priced at $2,600,000, this business is perfectly positioned for abuyer to step in and continue the already consistent year overyear growth trends. A down payment of $260,000 will return$325,197 in the first year after debt payments which is a 125%return on investment! Overall growth opportunities includeexpanding on the current potential for IT contracts, a greatopportunity for a tech business to expand their services andexpand their client base into the government sector
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Year
Business was Established: 2011 |
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Number of Employees:
12 |
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Facilities / Terms of Lease:
Due to a large majority of employees working from home
or from the client offices directly, this business only leases a
200 sq. ft. location to keep overhead costs low |
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Potential
Growth/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 currently NOT an 8a |
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Owner
willing to finance:
10% Buyer Down Payment $260,000 15% Seller Financing $390,000 75% Bank Loan $1,950,000 |
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Owner
willing to train:
Owner 1: 6 months-1 year (no replacement needed); Owner 2: 2-3 years |
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Reason for selling:
Retirement |
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REQUEST MORE INFO |
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