This business operation is very similar to a staffing agency, they
provide staffing & labor for military branches and federal
agencies such as the Navy, Air force, DOT, DOL, and DOD.
Provides labor across all 50 states, they recruit and place
personnel in diversified positions including receptionists, data
entry, IT support, Training Leads, and Program Managers to
name a few. Of the services provided, Administrative Support
makes up 72% of their services, Program Management is 10%,
Logistics makes up 15%, with IT only at 3%. Their highly trained
staff is made up of 1 Controller, 1 In House Counsel serving as
HR and Foreign Security Officer, 1 Business Development
Representative, and 3 Admin, along with roughly 70 billable
contract staff. The working capital of nearly $400,000 will be
given to the buyer and, with the low equipment needed, capital
expenditure is nil. While there are two owners, one is absent and
would not need a replacement moving forward, and the other is
willing to stay on board for 2-3 years post-close to ensure a
smooth and successful transition and ongoing growth. As a show
of good faith, the current owners are willing to carry 15% of the
financing. This is to help prove their vested interest in the
ongoing success of the company.
Priced at $2,600,000, this business is perfectly positioned for a
buyer to step in and continue the already consistent year over
year 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 include
expanding on the current potential for IT contracts, a great
opportunity for a tech business to expand their services and
expand their client base into the government sector.
- Asking Price:
- $2,600,000 Furniture / Fixtures included
- Sales Revenue:
- $6,213,662
- Cash Flow:
- $719,956
Business Operation
- Expansion Potential:
-
Growth Opportunities: Expanding on the current potential for IT
contracts, a great opportunity for a tech business to expand
their services and expand their client base into the government
sector. Note: They are currently NOT an 8a
- Reasons for selling:
-
Reason for Selling: Retirement
- Employees:
- 80
- Years established:
- 2011
Other Information
- Support & training:
-
Seller Training Period: Owner 1: 6 months-1 year (no
replacement needed); Owner 2: 2-3 years
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
10% Buyer Down Payment $260,000
15% Seller Financing $390,000
75% Bank Loan $1,950,000
- Furniture / Fixtures value:
- $389,000 - included in the asking price