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Spherion Staffing & Recruiting

Nationally-supported Sacramento Area Staffing Business For Sale

Woodland, California - North, US
Asking Price:
$750,000 Furniture / Fixtures included
Sales Revenue:
$2,700,000
Cash Flow:
$50K - $100K

Grow this established Sacramento metro area staffing agency to new heights!

The current owner has successfully grown Spherion in Woodland since 1998 and is ready to retire. This office’s territory covers much of the Sacramento-Stockton-Modesto DMA. The office building, which is wholly owned by the current franchisee and is offered as part of this resale, sits in the county seat of Yolo County about 15 miles north of Sacramento. Spherion Woodland is strategically located close to Interstate 5 and Highway 113, making it accessible for job seekers to easily visit and for your future sales team to visit prospective clients.

This huge territory offers abundant opportunities with a population of approximately 3.9 million. Woodland has experienced steady economic growth over the years. The city's diverse economy includes sectors such as agriculture, manufacturing, retail, and services. This economic stability can provide a supportive environment for businesses to thrive. In 2021, the GDP of the Sacramento-Roseville-Arden-Arcade, CA area was $160.5 million.

Woodland offers a range of business support services, including networking events, workshops, and resources provided by organizations like the Woodland Chamber of Commerce. These services can help entrepreneurs like you connect, learn, and grow your business. Woodland has a strong sense of community, and residents often prioritize supporting local businesses. The presence of the University of California, Davis, and other educational institutions in the area contributes to a skilled and educated workforce.

This branch features established client relationships including several marquee employers. Current Spherion customers rate this location highly with an average 4.4/5 stars on Google. There are no HR or litigation cases pending with this location.

The office comes furnished and equipped with all the needed technology. Existing staff who are experienced may stay through transition as well if desired. This office’s large territory encourages expansion potential. Grow your local network with the ability to live and relocate anywhere in the assigned geographic territory. Woodland offers a relatively lower cost of living compared to nearby urban centers like Sacramento, yet it still provides access to cultural and recreational amenities. This can attract employees and contribute to a higher quality of life for business owners.

About Spherion
Our workforce solutions focus on temporary staffing, temp-to-hire, on-premise staff management and outsourced talent acquisition. While we specialize in light industrial, administrative & clerical, and professional IT placements, our team has the connections and insights needed to find the most capable employees for any company.
The average Spherion office generated more than $7.4 million in revenue and $1.6 million in gross margin in 2022.* Spherion owners benefit from the stability of protected, exclusive territories.

Spherion franchise owners enjoy a wide variety of responsibilities and daily activities. Our local office franchisees are typically the sales and client relationship drivers. They spend much of their time out of the office seeing prospects, visiting clients, touring customer worksites, and networking within the business community. They oversee their staff whose primary role is to recruit, screen, interview and match suitable candidates with employer clients. As small business owners, franchisees manage their financial information while projecting growth and resolving issues.

Market & Competition
Spherion and the entire staffing industry are enjoying robust growth thanks to a rebounding post-pandemic economy and shifts in the labor market. Staffing Industry Analysts predicts +/-2% growth for the staffing industry in 2024. Spherion is bullish on that projection and expects the demand for flexibility and scalability to continue fueling our growth. Robust candidate-client relationships and exceptional service backed by the resources of the world's largest talent company allow Spherion to cater to the ever-changing demands of America’s workforce.

Woodland, CA Market Data
Population (Sacramento-Roseville-Folsom DMA, 2021): 2.41 million
Working Population: 1.3 million
GDP (Sacramento-Roseville, 2021): $1.6 million
BLS-estimated Temp Staffing Payroll: $868.4 million ($93.7 million in Yolo County alone)

*This data is based on 60 franchisees that were open and operating for at least one full year as of 12/31/22. 15 of the 60 franchisees (25%) surpassed the average annual sales stated above, and 16 of the 60 franchisees (27%) surpassed the average annual gross profit stated above. Your individual results may differ. There is no assurance that other franchisees will earn as much. Please review Item 19 of our May 1, 2023 FDD for more information.

**Franchise Business Review survey, July 2022

Property Information

Real Estate:

Real Property Included

Location:

Prime location on a main road in a professional neighborhood.

Premises Details:

Converted residential house that is fully paid off.

Size in square feet:
2,000

Business Operation

Expansion Potential:

Spherion offers the opportunity for multi-unit expansion into neighboring or nearby territories.

Competition / Market:

There is plenty of competition in the staffing industry, but few companies have more than a single-digit market share percentage. Staffing vendors are critical to the success of local businesses, so most use an array of staffing suppliers. This leaves the door open for a new Spherion owner to establish mutually beneficial relationships and build a strong client base.

Staffing Industry Analysts predicts the US staffing industry (excluding nurse staffing segments) will reach $184.6 billion in 2024, with some industry segments seeing modest, single-digit growth. Spherion is bullish on that projection and expects employers' demand for flexibility and scalability to continue fueling demand for our services. Robust candidate-client relationships and exceptional service backed by the resources of the world's largest talent company allow Spherion to cater to the ever-changing demands of America’s workforce.

Reasons for selling:

Owner is retiring from a successful career.

Trading hours:

Monday-Friday 8 am - 5 pm PT

Employees:
2
Years established:
25

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

10-year contract with option for 10-year renewals.

Other Information

Support & training:

Our support is our signature: Our owner community across the country is collaborative, supportive, and helpful. Spherion franchisees include multigenerational groups, husband-wife teams, former Spherion corporate employees, former franchise employees, and entrepreneurs from all walks of life. A clear supermajority (98%) enjoy operating their business and being part of Spherion, while 100% are likely to recommend our franchise opportunity to others.

You'll receive 380+ hours of comprehensive role-based training before and after opening. Periodic training addresses client development, legal requirements, marketing, and sales. You'll be supported by a dedicated portfolio leader who is available to answer questions and strategize with you, as well as by a national marketing team.

Spherion owners receive complete back office and technology support for all functions related to their temporary employees. We process employee payroll, including taxes, insurance, and benefits required by law. We invoice the clients, manage collections and application of payments as well as the W-2 process at the end of the year. Our corporate office maintains, supports, and troubleshoots all technology, eliminating the need for technical expertise and investment. Spherion's model allows you to focus on the business, not get lost in the business.

Our franchisees enjoy a full range of sales and marketing tools to help promote their business, including digital marketing, SEO & SEM support; sales collateral; print, radio, billboard, and online advertising; social media content; target account programs; direct mail campaigns; salary data; thought leadership research; and community giveback programs.

You'll enroll in our New Franchisee Launch program, a comprehensive training course that covers all aspects of opening a successful Spherion office. Plus, you'll receive ongoing support from a tenured team of professionals from accounting, payroll, and technology to operations and marketing.

Furniture / Fixtures value:
$3,000 - included in the asking price
Website:
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Related Documents:
Relocatable:
This business can be relocated.