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Temp Staffing With Some Direct Hire Placement For Sale

Providence, Rhode Island, US
Asking Price:
$490,000
Sales Revenue:
$2,353,488
Cash Flow:
$114,813

This staffing firm places full-service, temp-to-hire, and
direct hire staffing ranging from part-time, short-term, or
long-term opportunities, and several placements have
remained in their positions for 10-15 years after placement.
The agency specializes in fulfilling the needs of their
diverse client base in the professional and clerical fields.
Having been established 18 years ago, this agency is well
respected and are currently receiving 5-10 new orders on a
weekly basis, with a turnaround time of 2 weeks to 2
months. Servicing customers that range from small
businesses to large corporations, they offer multiple routes
of staffing solutions to fulfill any business’s needs. The
team consists of 2 FT employees, 1 staffing specialist, and
1 on-call staffing coordinator as well as 55-60 temp
employees on assignment. Located in Providence Rhode
Island, the current staff operates out of a 1,100 square foot
leased building with a reception area and private offices
that are perfect for interviews and different skills or
communication tests. The current owner has offered 1-2
years for a transition/training period to ensure as smooth a
move as possible for staff, clients, and the new owner.
Priced at $490,000, this business already has an
established client pipeline in place with the majority of new
business coming from word-of-mouth referrals. 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. A simple opportunity for new ownership to
grow the business, and their current pipeline, would be to
establish an internet presence consisting of both a website
and social media accounts.

Property Information

Real Estate:

Lease

Location:

100% within Rhode Island, with office in
Providence.

Business Operation

Expansion Potential:

Create internet presence with a
website and social media accounts

Reasons for selling:

Retirement planning

Employees:
2 FT
Years established:
2004

Other Information

Support & training:

1-2 years

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

20% Seller Financing $98,000
80% Buyer and Bank Loan $392,000

Related Documents:
Relocatable:
This business can be relocated.