Profitable PrideStaff Franchise in Growing Territory!

NC

Seller Financing Available
Profitable PrideStaff Franchise in Growing Territory!
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Asking Price: $75,000

Cash Flow: $30,000

Gross Revenue: $1,236,800

EBITDA: N/A

FF&E: $28,400

Inventory: N/A

Rent: $0.00

Established: 2011

Profitable PrideStaff Franchise in Growing Territory!

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Business Description

PrideStaff, one of the nation’s most prestigious staffing Franchises, has an existing location for sale in Charlotte. Pridestaff provides temporary, temp-to-hire, and direct hire placement of office clerical, light industrial and accounting workers for small- to medium-sized companies.
This location has been successful in generating consistent revenues and profits since it opened in 2011. The owner purchased the franchise as a part-time business after retiring from the corporate world and on-ly works 2 days per week. Many growth opportunities exist within the franchises’ territory as the area has not been aggressively marketed. The owner would like to sell the company so that he can make a full tran-sition into retirement. This is a unique opportunity for a new owner to jump in to an already profitable business, at an affordable price, and have the opportunity to grow the business through a more focused leadership.
In the words of the owner, “A prospective buyer will find a business that is well thought out combining the solid ethical business practices learned in my 40+ year career along with the proven business formula of-fered by the very successful back office of PrideStaff. PrideStaff has been recognized nationally among the top 1% of all staffing agencies in the country as rated by its clients and those talented individuals we have placed.”
The PrideStaff Franchise was established in 1978. Staffing is one of the top ten fastest growing industries in the nation and has been for over a decade. The industry steadily grows regardless of the economy. In re-covery times, when consumer confidence is high and people are spending, yet hiring confidence is low, the use of temporaries in the workforce increases.
The PrideStaff Franchise offers incredible ongoing support through exclusive franchise territories, financing to pay temporary employees’ salaries including payroll and insurance costs, exclusive rights to the PrideStaff name and trademark to develop a staffing business within a protected area.
PrideStaff has also been ranked in Forbes Magazine, for the third straight year, as one of the top five “Na-tional Leading Providers” in the Staffing Industry out of a field of more than 7,500 staffing agencies na-tionwide. FranNet honored PrideStaff with the coveted “Commitment to Excellence” award.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provid-ed form. We have automated the processing of NDAs and sending of information for speed and efficiency.
You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s con-tact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!

Detailed Information

Real Estate:
Leased
Building SF:
1,450
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,450 sq. ft. office.
Competition:
(1) Large Territory of Established Franchise (2) Name Recognition and Solid Reputation (3) Strong Demand for Staffing Services (4) Well-Established and Supportive Franchisor
Growth & Expansion:
(1) Office Staff Market: Further penetration into the office staff market, especially with middle man-agement positions could prove to be a very successful move for the Company. A low unemploy-ment rate can be a challenge to the light industrial staffing market but can easily be offset by shift-ing more emphasis on to the office staff market. (2) Deeper Territory Penetration: The Company has a great opportunity for growth in its current terri-tory. The large territory is still ripe for penetration as current ownership notes consistent sales ef-forts throughout the entire territory as a significant growth opportunity. (3) Lower & Manage Internal Costs: Current ownership believes there are further opportunities to boost an already high gross margin by reducing insurance and staff costs.
Financing:
Limited Seller-Financing Available for Qualified Buyers.
Support & Training:
Ownership is willing to provide reasonable and customary transition assistance.
Reason for Selling:
The owner would like to transition into full retirement.
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Contact the Seller

(from currently available funds)
 
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Matthew Baas

Business Listed By:
Small Business Deal Advisors

Small Business Deal Advisors, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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