Established, Profitable, Midwest Employment, Personnel & Staffing Agency for sale in IA

Business Summary:
Successful, well-established Iowa business-to-business human resources supplier. In business since 1999, the company unites talent with local employers. They fulfill common & hard to find niche service in the personnel resource industry providing for office & industrial needs. The business satisfies both temporary placements that have continued for up to 5 years & temp. to permanently placed position needs in assembly, packaging, warehousing, shipping, administrative support, secretarial, accounting, banking, finance, insurance, retail, management, IT, & sales. The business was originally affiliated with a national franchise system that discontinued operations several years ago. The owner is the only full-time employee & serves as the manager with one dedicated & skilled part-time employee being groomed for management. This is a well run & organized employment service business offering a professional environment for a buyer. The owner has developed & refined simplified policies, procedures, & tools allowing for efficiency, effectiveness, risk management, & low overhead leading to high gross profit & net cash flow margins & nearly nonexistent bad debt write-offs. The business enjoys a strong reputation & loyal base of about 30 clients with most business repeat or from referral. Clients consist of Fortune 500 companies to small privately-held firms. Tremendous growth potential & a great add-on for a strategic buyer as the owner spends limited time working in the business & invests conservatively in the business. An enthusiastic individual or corporate acquirer could grow market share by adding recruiters & expanding on current relationships. There are many sources to finance receivables for this industry allowing a buyer to leverage their capital. The current owner will eventually be retiring & wants to ensure a smooth transition to new ownership. The motivated seller may be open to continuing with the company on a flexible, part-time basis into retirement. The business recently experienced improved revenue & profit as the economy has improved & job demand has increased. The owner has focusing on North Central & Northeast Iowa employers & jobseekers. This opportunity is strictly confidential. All interested buyers will be required to sign a Nondisclosure Agreement and provide an acceptable financial statement or verification of funds prior to obtaining any additional information.