Listing ID: 66728
This Full-Service HR Company provides strategic HR management services to small and midsized companies. They help companies as small as 5 to over 100 across the employee life cycle starting from recruiting through separation. The offer recurring HR services including recruiting, onboarding, payroll administration, benefits administration, employee relations and manager coaching, HR compliance and offboarding. Their clients span a broad cross-section of industries.
* Operating successfully for over 10 years
* Long-term employees
* Provide broad breadth of services
* Recurring client services and revenue
- Asking Price: $430,000
- Cash Flow: $167,029
- Gross Revenue: $738,087
- EBITDA: N/A
- FF&E: $4,500
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Currently Home Based (Home Based)
Seller will negotiate a transition period
This Business Is Home Based
The venture was founded in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the true reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is really vital that you not depend totally on a vendor's word, but rather, utilize the seller's solution along with your overall due diligence. This will repaint an extra realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Many times, operating businesses have repeat clients, which create the core of their daily revenues. Particular variables such as brand-new competitors growing up around the location, roadway building, as well as personnel turnover can impact repeat customers and also negatively influence future revenues. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional average household income impact future income potential?