Business Overview

Excellent opportunity to own a well-known staffing franchise in Rockville, Maryland. The business is locally owned, but part of a nationally recognized industry leader and this specific franchise has served the suburban Maryland market for over 4 years. This is an ideal opportunity for someone looking for a growing, turnkey business with minimal overhead and significant room for continued expansion. The owner has done an excellent job building relationships with major employers in the territory and has contracts in place with a number of well-known companies.

This location was founded in 2017 and specializes in both temporary and full time employment contracts. The owner works with job seekers and employers allowing them to address the specific needs of their clients. The franchises serves a number of target industries including retail, manufacturing, finance, industrial, and other business services. One of the benefits to being part of a nationally known franchisor is that they handle many of the back office functions and allow the owner to focus on filling open positions and growing their franchise. The Montgomery County area is projected to add millions of new square feet in office, commercial and residential buildings over the next 10 years making this one of the prime markets for a staffing agency in the DC area.

The franchise does an excellent job marketing and branding the business and has key relationships in place with a number of prominent organizations in the DC area. The franchise offers a comprehensive training/on-boarding program to all new franchisees as well. While the new owner is training with the franchisor, the owner will continue to operate the business as usual and prepare to assist with a seamless transition to the next owner. Please note, the revenue and cash flow numbers claimed in this ad are final 2021 numbers which is about a 48% increase in the average (from 2018-2021) revenue performance of the business. The franchise suggests and typically sees franchise resales from 1.5-2.5x cash flow – we are offering this great territory with lots of growth potential below market at 1.44x 2021’s cash flow. Contact us today to learn more about this opportunity!

Financial

  • Asking Price: $300,000
  • Cash Flow: $209,023
  • Gross Revenue: $350,310
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,009
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business operates out of a 1,009 sq ft space which is leased for $2,240.76/mo in an office park just off a major thoroughfare. The location is ideal as it is situated just off I-270 & Shady Grove Road and the landlord offers free Uber rides to the Shady Grove Metro and Downtown Crown shopping area.

Is Support & Training Included:

Owner will provide necessary training and support.

Purpose For Selling:

Owner would like to pursue other business opportunities.

Pros and Cons:

There is standard competition for the industry and market, but this business has been established for 4 years and has a number of contract and relationships in place. The staffing industry is highly fragmented and competitive so it’s imperative to have a foothold in place, which is why owning an established operation is highly appealing.

Opportunities and Growth:

There is room to grow and expand the business. The franchise saw a slight downturn due to the pandemic, but numbers have been trending up in 2021 with very little sales effort. A new owner might consider devoting time and resources to establishing relationships with prominent employers in the franchise territory. It would also be beneficial to have an individual focused on outbound sales efforts to drum up new leads and potential opportunities to augment the inbound leads.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2017, making the business 5 years old.

The business has 3 employees and is situated in a building with estimated square footage of 1,009 sq ft.
The real estate is leased by the company for $2,240 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell operating businesses. However, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or an array of other reasons. This is why it is very crucial that you not depend absolutely on a seller's word, yet rather, utilize the vendor's response along with your total due diligence. This will repaint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new clients? Many times, operating businesses have repeat customers, which create the core of their day-to-day revenues. Certain aspects such as brand-new competitors growing up around the area, roadway construction, as well as staff turnover can affect repeat customers and adversely impact future revenues. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the chance to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional median house earnings impact future earnings potential?