Listing Number: 24876-200797
The business provides professional staffing solutions to/ for its customers.
One customer is the actual workforce (e.g. the temp. employees ~2000/yr.), the other customer is the business clients (~150/yr. on avg. active).
B2B – relationship/sales - where orders are created and sales generated (the “hunter”); however, filling the orders and meeting client’s needs is key (the “farmer”).
2 Locations in different markets creates solid diversity and hedges risks. A third location would create a lot of value to the new owner. Significant upside to double the business quickly.
Nearly every businesses is a potential customer. Immense market. Larger manufacturing/plant type clients provide high volume but lower margins and the smaller businesses less volume but often come with higher margins.
The business doesn’t have much of a seasonal factor except being a little slower during Christmas holidays and some summer weeks.
The Company is a franchisee of a national organization, which provides name recognition, marketing tools, access to insurance products, back office support, IT, etc. yielding more favorable experiences and relationships, which contributes to higher margins while remaining price competitive. More time for the business to ‘hunt’ and ‘farm’ than living in the typical administrative daily minutia.
The owner now works approximately 15 hours a week, enjoys the coaching and teaching aspect of things to make his staff more successful, while hiring great branch managers to take over the day-to-day operations.
Reason for Selling: The owner is approaching retirement; has reached his point of indifference in his business growth aspirations, reached a stabilized level, and has the business running where it should be an easy transition for a new qualified buyer. Owner’s monetization of this business sale should allow for the Seller (and his spouse) to reach their retirement objective. Transition Services of two weeks to new owner are included in the price, and longer as mutually agreed.
- Price: $1,150,000
- Down Payment: $920,000
- Sellers Discretionary Earnings: $313,216
- Total Sales: $8,500,000
- Location: Mobile County, Alabama
- Inventory: $0
- FF&E: $30,000
- Employees: 9
- Year Established: 2006
- Reason for Selling: Retiring
- Category: Personnel Services