Staffing Firm Focused in IT Industries
Des Moines, Iowa
| Asking Price: |
Gross: |
Cash Flow: |
| $1,350,000 |
$2,867,940 |
$335,316 |
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 has 100% repeat clients which have multi-year contracts, focused in the spaces of Banking, Insurance, Agriculture, Government and Health Care. They place 20+ staff including software engineers, project managers, analysts, and scrum masters. For more than 2 decades they have served primarily Iowa and the surrounding states. This company is doing little to no business development, which would be a great opportunity for growth. There Is 1 recruiter, 1 VP of sales, and an office administrator. The reason for sale is health concerns of the absentee owner. Most importantly, the active owner has offered a 2–3-year transition where he will also finance and roll equity for a total combined amount of 25%. Priced at $1,350,000, a 10% down payment of $135,000 returns $209,772 in the first year after debt payments! Resulting in a 155% return on investment!This is a niche market in the Des Moines area which is home to Wells Fargo, Hy-Vee, Principal Financial and Amazon Distribution – which all need these on-siteservices.
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| Year
Business was Established: 1998 |
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| Number of Employees:
3 |
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| Potential
Growth/Expansion:
This is a niche market in the Des
Moines area which is home to Wells Fargo, Hy-Vee,
Principal Financial and Amazon Distribution – which all
need these on-site services |
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| Owner
willing to finance:
10% Buyer Down Payment $135,000 12.5% Seller Financing $168,750 12.5% Seller Equity Roll $168,750 65% Bank Loan $877,500 |
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| Owner
willing to train:
2–3-years |
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| Reason for selling:
Health concerns, leading to
partnership buyout |
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| REQUEST MORE INFO |
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