Listing ID: 67411
Our brand has been an established presence in Midland since 2004. The Midland and Saginaw offices have a database of clients, prospects, and applicants. Our franchise system is the largest staffing franchise in the world with more than 870 offices globally. We offer a variety of staffing solutions including Evaluation Hire, Temporary or Contract Staffing, and Direct Hire, across a wide variety of industries and job classifications, including Light Industrial, Skilled Trades, Office Services, and Professional.
- Asking Price: $120,000
- Cash Flow: N/A
- Gross Revenue: $871,000
- EBITDA: $68,523
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The company was started in 2004, making the business 18 years old.
The company has 2 employees and is located in a building with approx. square footage of 1,600 sq ft.
The building is leased by the company for $1,300 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of various other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, yet rather, make use of the seller's solution along with your total due diligence. This will repaint a much more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Most times, companies have repeat customers, which develop the core of their daily earnings. Certain factors such as brand-new competitors growing up around the area, roadway building and construction, as well as staff turnover can influence repeat clients as well as negatively influence future profits. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the regional average home earnings effect future earnings prospects?