IT & PM Staffing with Multi-Year Contracts
Owner Will Stay on 2-3 Years for Smooth Transition!
This Des Moines-based business specializes in IT staffing services, focusing on the recruitment, screening, and placement of skilled professionals in various roles such as Software Engineers, Project Managers, QA, Analysts, Developers, and Scrum Masters. They cater to clients across industries such as Accounting, Banking, Insurance, Healthcare, Government, Manufacturing, and Telecommunications. This purchase includes the ability to lease 4 furnished offices with minimal overhead along with a team of 20 personnel, including a Recruiter, Sales representative, Office Administrator, and IT Placement Staff. There are 2 owners who work part time in the business, owner 1 works 25 hours a week alongside the Recruiter to ensure that contracts are filled, while owner 2 is very part-time and works as an Office Admin who provides light oversight and approves payroll (these duties can easily be outsourced). One of the owners is facing health concerns which lead to a partnership buyout, and now owner 2 is looking to divest. However, they have offered a transition period of 2-3 years. Located in Des Moines, Iowa, this business has primarily served Iowa and the surrounding states since its establishment in 1998, and has generated gross sales of $4,182,532, including accounts receivable of $481,000. Although not certified as WBE, MBE, DBE, or 8A, this business has established a strong reputation within the industry.
Priced at $1,275,000, the owners have offered a 10% Seller Equity Roll as well as 10% Seller Financing with Benchmarks to show good faith in the continued success of the business. With this purchase, a 10% down payment of $127,500 returns $181,398 in the first year after debt payments! Resulting in a 142% return on investment! This is a niche market in the Des Moines area which is home to Wells Fargo, Hy-Vee, Principal Financial and Amazon Distribution – which all need these on site services.
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Omaha, NE 68114
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