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Midwest Employment, Personnel & Staffing Agency
Location Iowa,United States
Asking Price Range $250K - $500K
Gross Revenues $1024500
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1998
Number of Employees 1 - 3
Inventory 10000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 2 Weeks / $0 Cost
Reason for Sale Semi-retirement & retirement planning
Description Successful, well-established Iowa business-to-business human resources supplier. In business since 1999, the company unites talent with local employers. They fulfill common & hard to find niche service in the personnel resource industry providing for office & industrial needs. The business satisfies both temporary placements that have continued for up to 5 years & temp. to occasional permanently placed position needs in assembly, packaging, warehousing, shipping, administrative support, secretarial, accounting, banking, finance, insurance, retail, management, IT, & sales. The business was originally affiliated with a national franchise system but is now completely independent.
The owner is the only full-time employee & serves as the manager with one dedicated & skilled part-time employee groomed for management. This is a well run & organized employment service business offering a professional environment for a buyer. The owner has developed & refined simplified policies, procedures, & tools allowing for efficiency, effectiveness, risk management, & low overhead leading to high gross profit & net cash flow margins & nearly nonexistent bad debt write-offs.
The business enjoys a strong reputation & loyal base of about 30 core clients with most business repeat or from referral. Clients consist of Fortune 500 companies to small privately-held firms.
Tremendous growth potential & a great add-on for a strategic buyer as the owner spends limited time working in the business & invests conservatively in the business. An enthusiastic individual or corporate acquirer could grow market share by adding recruiters & expanding on current relationships. There are many sources to finance receivables for this industry allowing a buyer to leverage their capital.
The current owner wants to retire but is willing to assist for a time to ensure a smooth transition to new ownership.
Asking price: $450,000. Call or email Brian Brown 319-294-1904 for more information about thi
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