MergerPlace

IT Staffing Business

Florida


  • Asking Price: $895,000
  • Gross Income: $1,250,267
  • Cash Flow: $320,169
  • Real Estate: Not Disclosed
  • Inventory: $100
  • FF&E: $20,157
  • Listing ID: #211626
  • Established: 2004
  • Employees: 5 FT

Business Description

Very well established, national staffing company with clients throughout the continental United States. Company has a diverse client base within both private and public organizations and is an experienced staffing provider of contract, contract to hire and direct hire services. IT and Power Generation Industry.

Historically known for excellence in providing Information Technology (IT) resources, the company was approached by a client to also provide staffing in the engineering, manufacturing and technical resource categories. Based on this direct request from a client, company has expanded and established itself as a highly sought after provider within the Power Generation Industry. The company is well respected and trusted by clients who often call upon their ability to fulfill highly confidential positions not open or known to the general market for recruiting.

The company is currently self-funding its growth and day to day operations and has an available LOC for immediate expansion if needed. The company is proud of a very extensive client list where repeat business is the rule rather than the exception.

Beginning in 2004, the company was founded by highly experienced leaders in recruiting and managing client relationships. The company quickly became a trusted partner to many clients requiring highly skilled technical resources and also became a preferred vendor to governments and private organizations. The company has remained true to it’s mission to provide qualified, experienced resources to the clients in all – industries in which they work. The company’s strategic plan to remain diversified not only in clients (public and private) but industries (IT and Power generation) has fueled it’s ability to weather economic fluctuations through it’s nearly 15 years of successful operation.


Business Details

Primary Business Category: Services - Business
Location: Florida

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $895,000
Gross Revenue: $1,250,267
Cash Flow: $320,169
FF&E: $20,157
Inventory: $100
Seller Financing Available: No

Property Information

Facilities:

Currently leasing office space that is converting to a month to month rental agreement with a 60 day notice required to terminate when the company desires to do so.

Growth & expansion opportunities:

Huge opportunities for growth exist in both IT and Power Generation Within the IT industry, with particular focus on the government sector, a dedicated account manager could rapidly expand the contract opportunities within multiple state agencies. As one of only 200 approved vendors with the State of Florida, this opportunity is real and ready for expansion. Private sector opportunities remain strong and could be expanded as well with additional sales and recruiting support. Within the Power Generation Industry, additional recruiting staff could greatly increase the closure rate of available opportunities. The demand for resources is very strong. Additional opportunities for growth include the ability to provide contract resources for project based opportunities in both commercial and industrial applications. These opportunities offer high margin and consistent work for teams with the ability to move to new locations when projects are completed and new projects are started. In addition, operations and supervision positions within targeted facilities offers more staffing opportunities directly to the end users. The company is currently well positioned for immediate growth. It is profitable with the existing client base and in house staff, and with the addition of both Account Management and Recruiting staff in the near future, the company can increase its client base, closure rate and subsequently its profitability.

Competition:

The competitive landscape within the IT space is strong within specific skill sets. However, the company’s ability to provide resources across all skill sets within the IT industry provides for more opportunities based on our strategic partnering with companies specializing in highly desired resources. The competitive landscape within the Power Generation industry is far less than IT. There is a huge opportunity for continued growth as the demand is strong and remains strong for experienced talent. The vast majority of potential clients welcome the company’s assistance in finding and placing qualified candidates throughout the country. The existing client base continues to request more assistance in adding employees as the demand is strong to meet the growth their industry continues to experience. New and potential clients often seek out this company to assist them with their staffing needs.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ $0 cost. Information Technology staffing Power Generation staffing Contract Staffing Contract to Hire Staffing Direct Hire Staffing Additional skills sets are also recruited for existing client base upon request. New owner should have personnel recruiting and/or personnel (HR) management experience.

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Business Listed By:

John Kraft

Murphy Business Brokers