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The Firm

Professional And Clerical Staffing Services In Rhode Island For Sale

Rhode Island, US
Asking Price:
$1,426,000
Sales Revenue:
$3,716,080
Cash Flow:
$391,198

Well-established for over 17 years, this full-service staffing firm has several long-term client relationships in place! Providing staffing for temporary, temp-to-hire, and direct hire placements in the state of Rhode Island, clients include a variety of businesses and corporations, large and small. The team consists of 2 FT employees (the owner and 1 Staffing Specialist), as well as 1 on-call Staffing Coordinator and 55-60 temp employees on assignment as needed. Placements range from part-time, short-term positions to long-term opportunities. Several of their placements have remained in those positions for 10-15 years. Currently, they are receiving 5-10 new orders on a weekly basis. Their placement process can take anywhere from 2 weeks to 2 months, depending on the needs of the client. Well-respected in their community and known for providing exceptional service and always being accessible to their clients, this staffing firm is in a prime position for growth under new ownership.

Certified as a Rhode Island WBE/DBE, many national firms contact this company to partner with them; one such healthcare company was awarded a bid to set up a contact center in Rhode Island and develop the healthcare program for the state. Partnering with this staffing firm resulted in direct hire business for the VP of Human Resources, Business Analysts, Business Consultants, Instructional Designer, and recruiting personnel including skill assessments and language assessments.

Priced at $1,426,000 a 12.5% down payment of $178,250 returns $208,500 in the first year after debt payments – a 117% return on investment! This business already has a solid reputation in place and the majority of new business comes from word-of-mouth referrals. Creating an internet presence with a website and social media accounts would certainly expand the client base and increase revenue.

Property Information

Real Estate:

Lease

Location:

Providence, Rhode Island

Premises Details:

Lease: 1,100 sq. ft. leased building w/ reception area & 3 private offices: $1,200/month

Business Operation

Expansion Potential:

Create internet presence with a website and social media accounts

Employees:
2 FT employees (1 Owner & 1 Staffing Specialist), 1 on-call Staffing Coordinator; plus 55-60 temp employees on assignment
Years established:
2004

Other Information

Support & training:

3-6 months

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $1,426,000

12.5% Buyer Down Payment $178,250
12.5% Seller Financing or Equity Roll $178,250
75% Bank Loan $1,069,500

A 12.5% down payment of $178,250 returns $208,500 in the first year after debt payments!

Related Documents:

Contact The Firm

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