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Industrial Staffing For Sale - Two States, Michigan, MI |
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| PROFILE: Established Light Industrial Staffing Business |
| Status: |
Off The Market |
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| State: |
Michigan |
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| Location: |
Two States |
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| County: |
None Given |
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| City: |
None Given |
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| Primary Category: |
Service Related |
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| Alternate Category: |
None Given |
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| Asking Price: |
$550,000 |
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| Down Payment: |
Call/Email |
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| Annual Revenue: |
$2,800,000 |
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| Annual Adjusted Net: |
$52,500 |
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| Price Range: |
$500,001-$1 Million |
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| Franchise: |
No |
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| Relocatable: |
Yes |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: *update* Sales Up 55% Through 4/28/08 From $602,714 To $935,178
Established Over 10 Years, The Company Provides Temporary Placements For A Wide Variety Of Industries In Multiple States. The Company’s Clients Include Firms In Industries Such As Manufacturing, Distribution, Hospitality And Construction, As Well As Governmental And Educational Clients. The Company Is Distinguished By Its Personalized Service And Placement Capability As Evidenced By Its Pool Of Over 2,350 Placement Candidates And 100+ Active Customers. The Company Employs Nine Permanent Staff Including Ownership And Operates Out Of Multiple Leased Facilities. Revenue For The Year-Ended 2007 Was $2.8 Million With A Gross Profit Of 15%. The Headquarters Location Is Profitable And Responsible For 65% Of The Company's Revenue. While Adjusted EBITDA For The Company As A Whole Is $52,580, Adjusted EBITDA For The Headquarters Location Individually Is $200,000. Total Sales Have Been Climbing In Each Of The Past Four Years. The Company’s Markup Ranges Between 1.3 And 1.6 With An Average Markup Of 1.44.
Facilities: Multiple Leased Small Office Spaces In Two States
Competition: Ownership Projects 12% Growth For 2008 Based In Part On New Client Generation At The Newest Branch And An Uptick In Orders For The First Quarter Of 2008.
Growth/Expansion: This Business Acquisition Opportunity Serves As An Excellent Opportunity For An Existing Staffing Firm That Can Leverage Long-Term Customer Relationships, Gain Entry To An Established Client Base And Eliminate Overhead By Quickly Integrating The Company’s Established Accounts Into Their Current Business Operations. Additionally, There Exist Key Opportunities To Grow Relationships With A Number Of Clients That Have Yet To Be Capitalized Upon.
Financing: Ownership Open To Various Deal Structures
Support/Training: Ownership Willing To Assist In Reasonable Transition Period.
Reason Selling: Pursue Other Interests, Travel |
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