Listing ID: 82894
Sunbelt Business Brokers of Baton Rouge presents this 2 decade old profitable large staffing agency for sale in south Louisiana. Agency has an excellent reputation in the region and track record to back it up. Agency provides a variety of services including but not limited to light industrial, clerical, medical and professional positions with approximately over 230 placements currently active across a broad spectrum of businesses. They also provide staffing and recruiting services with temporary, temp-to-hire and direct hire services. Company understands the market diversity and needs of services for a wide range of clientele. Company has rebounded strong after the covid-19 pandemic and growing by the week. Agency is turn-key and primed for new management to take it to even greater heights.
Owner is motivated to sell to pursue other business interests. Seller will help train and transition new owner into this turn-key operation. Owner is excited to meet potential buyers and show how great of a staffing agency the business has become. Don’t hesitate and contact us today before it’s too late. Staffing agencies like this are in hot demand and don’t last long. Come meet the owner, see the perfect fit for you, be impressed and make an offer today!
- Asking Price: $1,850,000
- Cash Flow: $619,355
- Gross Revenue: $5,854,462
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $500
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:84
- Furniture, Fixtures and Equipment:N/A
Other business interests
The sale will include inventory valued at $500, which is included in the requested price.
The company has 84FT 153PT employees and is situated in a building with approx. square footage of 2,000 sq ft.
The property is leased by the company for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is very crucial that you not count totally on a vendor's word, but rather, make use of the vendor's solution together with your general due diligence. This will repaint a much more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Specific aspects such as brand-new competitors sprouting up around the area, roadway building and construction, and also personnel turnover can impact repeat customers and adversely affect future earnings. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional typical household earnings influence future earnings prospects?