Rapidly Growing Healthcare Staffing Agency

Morris County, New Jersey

Business Summary: The US Healthcare Staffing Industry is expected to grow faster then the avenue of all other occupations. This young firm has been rapidly growing, serving the needs of NJ Nursing Homes, and VA Hospitals. It's 12 month revenue protection is 1 million, and all numbers are 12 month projections, based on current sales from July to June 2023. For More Information Contact: Raymond Saleeby Executive Business Brokers 2583 Morris Ave Union, NJ 07083 Cell: 973-524-0390 Office: 908-851-9040 EXT 211 Fax: 908-851-9066 Business Owners: We are always in search of quality businesses to list, if you are thinking of selling your business, would like to acquire another business or you would like an evaluation of your current business, please email us at [email protected] or call 973-524-0390 or 908-851-9040 EXT: 211
Year Business was Established: 2021
Potential Growth/Expansion: The business began less than a year ago but has achieved rapid and sustainable growth. Its current revenue is projected, in its first year, to be $797,000 in 2022 with a $183,537 cash flow. But its revenue is projected to be $1,200,000 in the 12 months from July to June 2023 with a Gross Profit of $336,000. Its 12-month Cash Flow is conservatively projected to be $285,400. The asking price is $1,200,000.
Competition: The U.S. healthcare staffing market is expected to grow at a CARG of 5.6% over the next 8 years. It is especially significant when targeting Nursing homes as the population ages and as nursing shortages prevail because of retirements which the Bureau of Labor Statistics estimates to be 500,000 over the next few years. Per www.clearlyrated.com in an article about healthcare staffing, the healthcare occupations are expected to grow much faster than the average for all other occupations.
Reason for selling: Seeking Capitalized owner who can grow the business even more.