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Temp Staffing with some Direct Hire Placement

Staffing focused on Clerical and Professional roles!

CASH FLOW
$91,320

Specifications

  • Price
    $490,000

  • Revenue
    $2,076,451

  • Cash Flow
    $91,320

  • 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 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.

 

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210 N 78th St. 2nd Floor
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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.