This is a well established employee recruiting service for the automotive and banking industries with a sizeable data base of companies and a candidate database with over 200,000 potential candidates. The seller and his wife operate the business from their home and work a combined 40 hours per week. The business started in Ohio in 1989 and moved to Florida in 2021.
- Asking Price:
- $525,000
- Sales Revenue:
- $267,631
- Cash Flow:
- $209,508
Property Information
- Premises Details:
-
The business does not require a physical location and can be operated with a computer from anywhere.
Business Operation
- Expansion Potential:
-
This business has a lot of growth potential. By adding additional staff/recruiters and expanding the target industries, this will generate more clients, thus increasing revenue.
- Competition / Market:
-
The US is currently in a labor shortage with many employers struggling to find qualified candidates. This has increased the demand for employment recruiting agencies, as employers are turning to them to help fill their positions. Revenue in this industry is predicted to rise at a compound annual growth rate (CAGR) of 1.0% in the next five years and has already grown at a CAGR of 9.6% since 2019.
Competition in this industry is moderate and has been trending this way for some time. If companies struggle to find qualified candidates through popular online job boards or need to hire a management or C-level position, they turn to recruiters for help. This industry is very mature and fragmented with many small and medium-sized businesses and very few large businesses to compete with.
- Reasons for selling:
-
The owner is retiring.
- Trading hours:
-
Monday-Friday 8am-5pm
- Years established:
- 26
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $53K down.
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
