Listing ID: 79170
UNDER CONTRACT This Lee County based Temporary Staffing Company services a wide variety of clientele, including both public and private sectors. Clientele ranges from Collier to Charlotte counties, with select clientele on the east coast. Revenue is derived from Direct Hire, Temp-to-Hire, and Temporary Services. The Company operates in the Construction, Manufacturing, and Hospitality Industries, among others. Seller will consider an extended transition period to ensure a seamless transfer to buyer.
Call 800-648-2620 for more information.
Check out the video: https://youtu.be/edbeUd8shOc
- Asking Price: $300,000
- Cash Flow: $111,983
- Gross Revenue: $949,515
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:150
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Prime Downtown Office Space
Seller will provide 14 days of familiarization to the new buyer at no cost.
Pursuing Other Interests
The company was founded in 2013, making the business 9 years old.
The company has 1 PT + Owner employees and resides in a building with estimated square footage of 150 sq ft.
The real estate is leased by the business for $710 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 totally different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is very vital that you not depend entirely on a vendor's word, yet rather, use the vendor's answer together with your general due diligence. This will paint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering items like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too tight. Numerous companies come under 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 obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new clients? Often times, businesses have repeat clients, which create the core of their day-to-day earnings. Certain elements such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can affect repeat consumers and also adversely influence future revenues. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the greater the chance to construct a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood mean home income effect future income potential?