Ag-Based Placement Agency in Southeastern NE

NE

Seller Financing Available
Ag-Based Placement Agency in Southeastern NE

Asking Price:$374,000

Cash Flow:$129,196

Gross Revenue:$811,401

EBITDA:N/A

FF&E:$10,000

Inventory:N/A

Established:1991

Ag-Based Placement Agency in Southeastern NE

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Business Description

25 years of 3rd party hiring for national seed companies

For the past 25 years, this placement agency specializing in connecting labor with large seed companies has dominated the market in Southeast Nebraska. With a solid reputation built on industry longevity, assistance to clients includes agricultural help during peak seasons, and custodial/maintenance for large plants in the off season. Owner does not currently solicit business as client base is either repeat or by direct contact. There are 20+ auto-renewing accounts, and all client services are provided under contract. Clients pay a $20/hour fee, and current owner pays labor $10/hour.

Most of the business activity occurs from March to November, during which 80% of total business occurs. Corn contractor needs include seasonal workers to assist with pollination, seed counting and hand harvesting. The business secures the workers via an application and vetting process to find the right individual and decrease turnover.

Owner responsibilities currently include client relations as well as recruitment, hiring and scheduling of labor, generally totaling under 30 hours per week. A new owner could potentially use this is a side business during peak season. Already successful with over $800,000 in gross sales, growth opportunities can be found in adding more schools to the recruiting base and making website improvements.

Current owner has improved sales year over year and is looking to exit and seek new business challenges. A Buyer with $37,400 cash down (10%) on closing day would have a Net Operating Income of $68,970 in year 1 after all expenses and loan payments are paid, equaling a 184% return on investment.

Industries Served: Sectors include agricultural in season, and janitorial/maintenance of plants in off season; provide labor for cross pollinating, seed counting & hand harvesting
Number of Clients: 20+ accounts in a 30-mile radius; 3rd party hiring for national seed companies
Employment: recruitment at area schools for seed counting, pollinating and hand harvest; rite-of-passage experience in community
Income: clients pay $20/hr fee to owner; owner pays employees $10/hr
Hours: 25 hours/week; 80% of business occurs March-November
Current Owner’s Responsibilities: Client relations, recruitment, hiring and scheduling labor; recruiting in March & April, placement from May - August, placement of hand harvesters September – November

Detailed Information

Employees:
Varies by season
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Equipment: $10,000 in office equipment and furniture Intangible Assets: Established client list: 20+ contracts with large seed companies needing seasonal labor
Competition:
Virtually no competition in immediate market. Closest competitor is a 30-minute drive. Acts as 3rd party between labor and seed corporation, who have no community connections. Current owner has mostly repeat business with some clients contacting the company directly. Focus is mostly on recruitment and client relationships, with almost no outreach needed.
Growth & Expansion:
Add more schools to recruiting base. Website revamp.
Financing:
13.5% ($50,490)
Support & Training:
90 Days
Reason for Selling:
owner has increased revenue YOY and is looking for next challenge

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Cortney Sells

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Cortney Sells

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