Business Summary:
This well-established staffing and recruiting agency has over 800 placements with all W2 employees. They specialize in offering temporary, temp-to-hire, and direct-hire positions for various industries, including manufacturing, warehousing and distribution. The company offers a wide range of staffing services, including forklift drivers, assembly workers, production workers, pick and pack personnel, and logistics workers. This firm serves a diverse range of clients, including commercial and industrial businesses with warehousing and logistics operations. Notably, the company’s client base includes Fortune 500 companies, indicating its ability to handle large-scale staffing requirements. The dedicated team of 11 staff members includes a Vice President, Payroll Manager, Regional Manager, Area Managers, Office Administrator, and recruiting personnel. The company operates from six locations, comprising one corporate office, three satellite offices, and two on-site offices within client operations. The reason for selling the business is retirement planning. Seller provides general oversight and collaborates with the recruiting team. In order to sweeten the deal the sellers have offered a transition of 1-2 years post-close, and to finance 15% of the purchase price! Priced at $6,600,000, A 10% down payment of $660,000 returns $605,774 in the first year after debt payments! A 91% return on investment! The sellers have identified several growth opportunities, including expanding regionally to reach new markets, and implementing a robust marketing strategy to attract more clients and candidates.
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