Business Overview

This Utah based recruiting and placement firm opened several years ago to meet an unfilled need for temporary staffing and permanent placements in the industrial sector. The company has a motivated and efficient staff and is almost entirely absentee operated. The owner developed a unique pricing model for the industry that has been well received from its clients and has led to high retention levels. The business benefits from excellent online reviews and high organic search rankings. The current owner would like to sell the business to someone who can focus on future growth and is open to a Seller note for a well-qualified buyer.

Highlights:
• Relocatable to almost anywhere
• Absentee Owned and Operated
• Recurring Revenue
• Balance Between Contract-to-Hire and Direct Placements
• Little Customer Concentration
• Specialized Focus
• Considerable Investment into Early Stage Business Plan
• Seller Financing Available to a Qualified Buyer
• Innovative Pricing Model that Can be Duplicated Across Industries
• Fantastic Online Reviews
• Impressive Customer Retention Rates
• Exceptionally High Gross Profit Per Placement

Financial

  • Asking Price: N/A
  • Cash Flow: $100,000
  • Gross Revenue: $834,205
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other Business

Opportunities and Growth:

The owner is willing to share an established growth plan with the new owner as a part of the transition.

Additional Info

The company was started in 2014, making the business 8 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nevertheless, the genuine reason vs the one they say to you may be 2 absolutely different things. As an example, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of various other reasons. This is why it is very essential that you not depend completely on a vendor's word, but instead, use the seller's answer together with your overall due diligence. This will repaint a more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that earnings margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new customers? Many times, companies have repeat clients, which develop the core of their daily earnings. Certain variables such as new competitors growing up around the area, road building and construction, and employee turnover can influence repeat consumers as well as negatively affect future incomes. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average home income effect future income prospects?