IT Staffing and Placement with H1B

Springfield, IL (Sangamon County)

Seller Financing Available
IT Staffing and Placement with H1B
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Asking Price: $11,300,000

Cash Flow: $2,507,436

Gross Revenue: $31,006,044

EBITDA: N/A

FF&E: N/A

Inventory: $4,000,000

Established: 2012

IT Staffing and Placement with H1B

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Business Description

Since 2012, this company has been providing knowledgeable and professional staff for IT staff and software development departments in 24 states across the US. All H1B visa holders working for this company are also sponsored by this company. With a bill rate of $63, there is an average gross margin of $15. This successful placement company earned over $31MM in 2018 alone! Working with a diverse client base, employees work in areas such as health care, hospitality, government, and retail. Currently working with over 300 individuals, this in-demand service is managed from Central Illinois.

Contracted placements are typically over one year or longer and clients often request 5-10 placements at a time. Employees relocate to the business location and fully integrate into the technology team on site. This business also works with H1B visa recipients to place highly-trained individuals into U.S. companies. Enticing employees to temporary contracted positions, this business offers health, dental, vision, and life insurance benefits.

Operating from a building that is available for continued lease, it may also potentially be available for sale outside the sale of the business. The current owner is fully involved in the day-to-day operations, but the company runs well without daily oversight.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
13
Facilities:
2,600 sq. ft.: Private offices (3), conference room, kitchen, server room, oversized cubes (13); the building is available for continued lease or potentially for sale outside the sale of the business
Growth & Expansion:
Growth Opportunities: Increase recruiting efforts, build placement contacts, increase service area
Financing:
A 15% down payment of $1,695,000 returns $1,356,695 in the first year after debt paym
Support & Training:
6 months
Reason for Selling:
The business is successful, and the owner would like to shift gears
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Cortney Sells

Business Listed By:
Cortney Sells

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