Staffing Firm Focused in IT Industries for sale in Des Moines, IA

Business Summary:
This staffing firm has 100% repeat clients which have multi-year contracts, focused in the spaces of Banking, Insurance, Agriculture, Government and Health Care. They place 20+ staff including software engineers, project managers, analysts, and scrum masters. For more than 2 decades they have served primarily Iowa and the surrounding states. This company is doing little to no business development, which would be a great opportunity for growth. There Is 1 recruiter, 1 VP of sales, and an office administrator. The reason for sale is health concerns of the absentee owner. Most importantly, the active owner has offered a 2–3-year transition where he will also finance and roll equity for a total combined amount of 25%. Priced at $1,350,000, a 10% down payment of $135,000 returns $209,772 in the first year after debt payments! Resulting in a 155% return on investment!This is a niche market in the Des Moines area which is home to Wells Fargo, Hy-Vee, Principal Financial and Amazon Distribution – which all need these on-siteservices.