Amazing Year! Huge year over year growth!

Fort Lauderdale, FL (Broward County)

Seller Financing Available
Amazing Year!  Huge year over year growth!

Asking Price:$1,750,000

Cash Flow:N/A

Gross Revenue:$9,100,000

EBITDA:$540,000

FF&E:$79,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1984

Amazing Year! Huge year over year growth!

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Business Description

Seller founded the business 32 years ago and has maintained a very impressive year over year growth in its top line performance from for the previous four years. The largest growth in year over year revenue occurred in Trailing Twelve Month 11-2016 over full year 2015! This huge increase came from supporting the Elections Boards of Dade and Broward Counties. Since 2016 is a general election year and will not recur at this level until 2020, the financials and valuation have been adjusted downward to accommodate the windfall revenue. Additionally, the have a solid gross margin of 20.5%.

95% of the assignments are office services and professional staffing. Roughly 5% of the assignments are light industrial.

Seller has client testimonials attesting to the excellent service provided and employee testimonials also attesting to the excellent service provided to billable workers.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
10 staff plus 2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two offices in South Florida. Both leases are on a month to month basis. The Ft. Lauderdale office has 1,693 square feet and the rent is $1,564 per month. The Miami office is in an executive facility. Rent is $1,835 per month.
Competition:
This company has been in business for 32 years and they are well-known in the area. Much of their current business is with long-term clients.
Growth & Expansion:
The South Florida market is rapidly growing. A strong business development focus could result in significant expansion of current business.
Financing:
Open
Support & Training:
A skilled, tenured branch manager will remain post-sale. This person has been in the current role since July 2010 and prior to that she had 12 years of staffing industry experience. The branch manager oversees both offices. She handles the day-to-day operations of the company with little involvement from the two owners. While the branch manager will remain with the new company and is fully qualified to train and support the new owner, the two present owners - who are the company's founders - are willing to assist in the transition.
Reason for Selling:
Retirement

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CHARTWELL BUSINESS ADVISORS www.Chartwellbiz.com

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CHARTWELL BUSINESS ADVISORS www.Chartwellbiz.com

Chartwell Business Advisors

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