Return To Opportunities List


Professional & Clerical Staffing Agency

Diversified nationwide client base!



  • Price

  • Revenue

  • Cash Flow

  • Location
    Providence, Rhode Island

  • Intangible Assets
    Long-term client relationships, word-of-mouth referrals, well-respected in the community

  • Reason for Sale
    Retirement planning


This professional and clerical staffing agency in Rhode Island has a diverse client base including a variety of businesses and corporations, large and small. Well-established for over 17 years, this firm provides staffing for temporary, temp-to-hire, and direct hire placements throughout the state. The team consists of 2 FT employees (the owner and 1 Staffing Specialist), as well as 1 on-call Staffing Coordinator and 55-60 temp employees on assignment as needed. Placements range from part-time, short-term positions to long-term opportunities. Several of their placements have remained in those positions for 10-15 years. Currently, they are receiving 5-10 new orders on a weekly basis. Their placement process can take anywhere from 2 weeks to 2 months, depending on the needs of the client. Well-respected in their community and known for providing exceptional service and always being accessible to their clients, this staffing firm is in a prime position for growth under new ownership.


Certified as a Rhode Island WBE/DBE, many national firms contact this company to partner with them; one such healthcare company was awarded a bid to set up a contact center in Rhode Island and develop the healthcare program for the state. 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.


Priced at $650,000, this business already has a solid reputation in place and the majority of new business comes from word-of-mouth referrals. Creating an internet presence with a website and social media accounts would certainly expand the client base and increase revenue.


Business Highlights

Year Established: 2004

Location: Providence, Rhode Island

Service Area: 100% within Rhode Island

Services: Full-service staffing for temporary, temp-to-hire, and direct hire placements, payrolling services

Clients: Diversified: small businesses to large corporations

Lease: 1,100 sq. ft. leased building w/ reception area & 3 private offices: $1,200/month  

Reason for Selling: Retirement planning

Personnel: 2 FT employees: 1 Staffing Specialist, 1 on-call Staffing Coordinator; plus 55-60 temp employees on assignment

Seller Training Period: 1-2 years

Growth Opportunities: Create internet presence with a website and social media accounts

Current Owners’ Responsibilities: Some staffing, financials, payroll

Financial Highlights

  • List Price: $650,000




  • 2019 Cash Flow: $296,226
  • 2020 Cash Flow: $85,855
  • 2021 Annualized Cash Flow: $124,374
  • 3-Year Average Cash Flow: $168,818

Cash Flow Analysis

Description of Financial StatementP&L Statement
Jan-Sept 2021
P&L Statement
P&L Statement
P&L Statement
P&L Statement
P&L Statement
GROSS SALES$1,832,713$2,426,825$3,183,843$2,411,147$2,044,842$2,459,336
Net Income Shown on Financial Statement$54,010$34,055$236,595$73,296$33,591$39,596
Compensation to Owner$76,665$112,646$119,583$124,966$97,396$162,360
11% Tax on total W2 Salaries$8,433$12,391$13,154$13,746$10,714$17,860
Meals & Entertainment$3,456$0$534$577$545$609
Cell Phone$891$1,188$1,188$1,188$1,188$1,188$1,188/year
Car Lease$4,040$5,387$5,387$5,387$5,387$5,387$5,387/year
Personal Fuel$525$700$700$700$700$700$700/year
Owner's Health Insurance$12,085$8,786$7,615$8,906$10,134$9,011
Retain Owner$-67,500$-90,000$-90,000$-90,000$-90,000$-90,000$80K salary + $10K HSA
TOTAL ADDBACKS$39,270$51,800$59,631$67,280$38,605$112,579
Seller's Cash Flow = Total Addbacks + Net Income$93,280$85,855$296,226$140,576$72,196$152,175
Profit Margin5.09 %3.54 %9.30 %5.83 %3.53 %6.19 %
  • 3-Year Average Cash Flow: $168,818


Funding Example

Purchase Price:



Bank Loan Needed: $


Funding Details


Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $


Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
3-year average cash flow
Annual Debt Service: $

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
3-year average cash flow
Annual Debt Service: -$

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
ROI: %


Document Title / Description

This folder is empty.

Access to this Deal Room is restricted

Would you like to access the deal room?

Yes, please

Interested in
this business?

Complete the following information to sign an NDA and see more details!

Already have an account? Log in here.

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

Thinking of Selling?
When selecting an M&A firm, please use the following Scorecard: click here for our M&A Scorecard

The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.