Established Employment Personnel And Staffing Agency In Iowa For Sale

Business 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 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 that discontinued operations several years ago.

The owner is the only full-time employee & serves as the manager with one dedicated & skilled part-time employee being 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 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 will eventually be retiring & wants to ensure a smooth transition to new ownership. The motivated seller may be open to continuing with the company on a flexible, part-time basis into retirement.

The business recently experienced improved revenue & profit as the economy has improved & job demand has increased. The owner has focusing on North Central & Northeast Iowa employers & jobseekers.

This opportunity is strictly confidential. All interested buyers will be required to sign a Nondisclosure Agreement and provide an acceptable financial statement or verification of funds prior to obtaining any additional information.

Property information

Real Estate:

Lease

Premises details:

Excellent, visible, convenient, high traffic, store front location near retail, fast food, & offices. Approximately 1100 sq. ft. office leased, very suitable for this type of business with room to grow or subdivide/share & centrally located among clients.

Size in square feet:

1,100

Other information

Expansion potential:

The company’s strong customer base, proven capabilities & outstanding reputation present strong base to increase market share & revenue through the investment of time, attention & capital in human resources & marketing. An energetic, well-founded buyer could expand sales & business development efforts beyond just word-of-mouth & networking. With no limit on territory, there is ample opportunity for geographic growth into adjacent markets.
The business could also diversify into national & international employment search services seeking growing niches such as agribusiness, healthcare, insurance, information technology, science, & engineering industries. The staffing industry is expected to generate more new jobs over the next decade than any other industry. A business that can build equity, has repeat customers, provides a service needed by every company, allows for high gross margins, & affords the chance to be a respected member of the community & contribute positively to the community.
In addition, the business could diversify into personnel consulting & related services.
This business might also be compatible with the growing home health care industry due to Iowa having the 5th oldest population in the U.S.

Competition / Market:

As an established, recognized leader in local area for labor staffing with commonsense screening process & tools, opportunities stem from focusing on niche, relationships, & service & taking advantage of low overhead for higher profit margins or pricing options.

Support & training:

2 Weeks / $0 Cost

Reasons for selling:

Semi-retirement & retirement planning

Trading hours:

Mon-Fri 9am-12pm; 1pm-4pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Down Payment: $360,000. $10,000 x 36 @ 10%.

Furniture / Fixtures value:

$10,000 (included in the asking price)