Details - Information last confirmed on November 5, 2020
Priced at only $249,000 with a 33% seller carry, a buyer would see a 709% return on investment in the first year! The seller is willing to carry 33%! Serving the west-central region of New Mexico since 1990, this industrial and construction staffing company averaged $2.2 million in gross sales over the past three years. Well-established with a recurring client base in west-central New Mexico, this temporary staffing agency is well-known for matching the perfect candidate and for being an integral part of keeping local worksites productive. Using Bullhorn ATS Software, the business has a comprehensive database that contains historical job information, notes, and invaluable contact information on both clients and candidates. Their applicants range from general laborers (all construction trades: skilled and semi-skilled) to industrial (mechanics, truck drivers, equipment operators) to office (clerical, accounting, HR, receptionists), with most of their staffing placements in the industrial and construction industry. 70% of their business comes from recurring light industrial clients.
One owner manages the financial aspect of the business (accounting, bank reconciliation, taxes, contracts, insurance and the approval of new clients). The other owner is PT, working less than 10 hours per month, and manages IT and the networking component of the business, as well as landscape and maintenance. The other two employees (1 FT, 1 PT) handle applicant tracking, screenings, interviews, new employee orientation, payroll, and the clerical/admin duties.
The team has strong relationships with employers in the community. In addition to the local employers, regional road and commercial construction companies return as their projects develop in the community. With a solid infrastructure already in place, growth opportunities are vast; becoming active in sales & marketing, expanding social media presence, initiating both retention and recruitment efforts, and pursuing relationships with Native American tribes and federal & state agencies would undoubtedly increase business revenue.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.