Thursday, 5 October 2017

Staffing Firm, East Coast, USA

Business Description:

This is a profitable staffing firm consisting of one office and two Satellites.  The company, a Sub “S” Corporation, has been in business servicing the same general market area for over 30 years.  This is a solid firm that has operated efficiently by the founding owners all these years.  It should grow more rapidly under new ownership willing to devote resources to sales and marketing.

Operational Strengths:

The Company is being run efficiently and enjoys an excellent reputation for both service and quality.  Their staffing clients are composed of 90% light Industrial and 10% office support. 
The Company has a loyal staff of long term experienced employees who will stay and run all aspects of the business.  Company is poised for continued growth and profitability and will do even better with an increased marketing and sales effort. There are no marketing employees.

The Transaction:

The founders, a husband and wife team, relocated to Florida over 8 years ago and have had no operational role since.  Company is being run by a manager who is a long time employee. This is obviously a key employee and the company has an employment agreement as well as a non- compete agreement with this person.

The Owner is currently entertaining acquisition offers.  Seller has a management team that is expected to remain after a sale. Owner is willing to work with new owner in any way required to insure a smooth transition. 

Financial Information:


Financial Summary

TTM 10/31/17
2016
2015
Revenue
$14,961,010
$14,498,360
$14,429,038
Adjusted EBITDA
            $ 1,526,354
$1,498,052
$1,436,370

Other Highlights
Location
Financials
Management
Team in Place
Years in
Business
SIC Classification
East Coast
Compiled
Yes
25+
7361

Direct All Inquiries to:

Gottesman Company
Refer to: S-2788-1 - RFB
Tel: 212-330-8010  Fax: 646-434-4557