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Temp Staffing with some Direct Hire Placement

Providence, Rhode Island

Asking Price: Gross: Cash Flow:
$490,000 $2,353,488 $114,813

Furniture and Fixtures Value:
$0 ( not 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 staffing firm places full-service, temp-to-hire, anddirect hire staffing ranging from part-time, short-term, orlong-term opportunities, and several placements haveremained in their positions for 10-15 years after placement.The agency specializes in fulfilling the needs of theirdiverse client base in the professional and clerical fields.Having been established 18 years ago, this agency is wellrespected and are currently receiving 5-10 new orders on aweekly basis, with a turnaround time of 2 weeks to 2months. Servicing customers that range from smallbusinesses to large corporations, they offer multiple routesof staffing solutions to fulfill any business’s needs. Theteam consists of 2 FT employees, 1 staffing specialist, and1 on-call staffing coordinator as well as 55-60 tempemployees on assignment. Located in Providence RhodeIsland, the current staff operates out of a 1,100 square footleased building with a reception area and private officesthat are perfect for interviews and different skills orcommunication tests. The current owner has offered 1-2years for a transition/training period to ensure as smooth amove as possible for staff, clients, and the new owner.Priced at $490,000, this business already has anestablished client pipeline in place with the majority of newbusiness coming from word-of-mouth referrals. Partneringwith this staffing firm resulted in direct hire business for theVP of Human Resources, Business Analysts, BusinessConsultants, Instructional Designer, and recruitingpersonnel including skill assessments and languageassessments. A simple opportunity for new ownership togrow the business, and their current pipeline, would be toestablish an internet presence consisting of both a websiteand social media accounts.

 
   
   
Year Business was Established: 2004
   
Number of Employees: 2 FT employees: 1 Staffin  
   
Facilities / Terms of Lease: 1,100 sq. ft. leased building w/ reception area & 3 private offices: $1,200/month  
   
Potential Growth/Expansion: Create internet presence with a website and social media accounts  
   
Owner willing to finance: 20% Seller Financing $98,000 80% Buyer and Bank Loan $392,000  
   
Owner willing to train: 1-2 years  
   
Reason for selling: Retirement planning  
 

 

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