Business Summary:
This business operation is very similar to a staffing agency, theyprovide staffing & labor for military branches and federalagencies such as the Navy, Air force, DOT, DOL, and DOD.Provides labor across all 50 states, they recruit and placepersonnel in diversified positions including receptionists, dataentry, IT support, Training Leads, and Program Managers toname a few. Of the services provided, Administrative Supportmakes up 72% of their services, Program Management is 10%,Logistics makes up 15%, with IT only at 3%. Their highly trainedstaff is made up of 1 Controller, 1 In House Counsel serving asHR and Foreign Security Officer, 1 Business DevelopmentRepresentative, and 3 Admin, along with roughly 70 billablecontract staff. The working capital of nearly $400,000 will begiven to the buyer and, with the low equipment needed, capitalexpenditure is nil. While there are two owners, one is absent andwould not need a replacement moving forward, and the other iswilling to stay on board for 2-3 years post-close to ensure asmooth and successful transition and ongoing growth. As a showof good faith, the current owners are willing to carry 15% of thefinancing. This is to help prove their vested interest in theongoing success of the company.Priced at $2,600,000, this business is perfectly positioned for abuyer to step in and continue the already consistent year overyear growth trends. A down payment of $260,000 will return$325,197 in the first year after debt payments which is a 125%return on investment! Overall growth opportunities includeexpanding on the current potential for IT contracts, a greatopportunity for a tech business to expand their services andexpand their client base into the government sector
|
|
|
