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Staffing Company - "just the tip of an Iceberg"

Parsippany, NJ (Morris County)

Seller Financing Available
Staffing Company -
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Asking Price: N/A

Cash Flow: $778,000

Gross Revenue: $4,080,000

EBITDA: $489,000

FF&E: N/A

Inventory: N/A

Rent: $5,076 /Month

Established: 1995

Staffing Company - "just the tip of an Iceberg"

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Business Description

Well established, profitable Staffing Firm poised for growth

The firm services a diverse customer base in a wide range of industries. Its' focus in Pharmaceuticals, Life Sciences, including clinical consulting, has led to steady growth in its reputation and performance. Coupled with continued success in the financial and publishing industries, this focus has resulted in consistent growth in revenues and profitability.

In 2018, the revenues exceeded $4,000,000, with an adjusted net to Owner/Seller of approximately 19%. Yet, due to owner's outside interests and focus, the company has virtually run on 'auto-pilot' for some time. With the addition of more recruiters and financial resources, a new buyer can pursue the vast amount of job orders that have been by-passed for years and which are consistently available to the firm due to its recognized history of exceptional service to its clients. Results in 2018 may in fact be 'just the tip of an iceberg'.

Interested, qualified buyers may request a more detailed Business Review upon returning an executed Non-disclosure Agreement. The NDA may be requested by email to " louis.iorio@corpinvest.net".

Detailed Information

Location:
Parsippany, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
1/31/2020
Employees:
45 incl. cons.
Facilities:
3,000 sq. ft. office suite in professional office building. Monthly rent is $5,076; lease extends to 1/31/20 and can be extended. Facilities are in fine condition with excellent parking available.
Competition:
The Staffing Industry is highly competitive. Firms come and go. This firm's 24 year track record of consistent progress and success speaks for itself. Seller has created more of a staffing boutique as opposed to a body-shop approach. The firm is very selective and only works a small subset of orders received. The approach is by choice but also reflective of limited human resources. The focus has been on select clients and higher margin orders.
Growth & Expansion:
The Seller readily acknowledges that he has left 'money of the table' for years based upon the approach selected. In recent years, his passion and focus has been on other professional and personal interests. The foundation is there for immediate significant growth for an aggressive experienced buyer with the financial and human resources to see and seize the opportunity.
Financing:
may consider based upon financial strength of buyer
Support & Training:
It is anticipated that the buyer (individual or group) will have significant staffing industry experience. Support and/or training will be provided, as needed, throughout the transition position. Current staff is qualified and productive.
Reason for Selling:
Seller passion and focus has been on other professional and personal interests
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Louis L. Iorio

Business Listed By:
Louis L. Iorio

1941

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