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Jun 18, 2019 — My client (C CORP) is a full service staffing firm providing excellent contract employees primarily in light industrial applications. Normalized earnings in 2018 were $1,250,000 and projected in 2019 at $1,600,00. This five location company has five company branches and on site locations in four states and been operating profitably since its founding by the owner in 2010. This firm provide industrial worker to it customers as well as other services including recruiting, payroll, payment of all state and federal taxes, workers compensation coverage, screening, ACA compliance and the management of the contingent work force. All contractor employees are screened, tested and E-verified for federal employment eligibility requirements. Customer concentration is less that 12% for any one customer industries served include distribution centers, the food industry and the packaging industry. The company billed 1,600,000 hours in 2017 and company provides 650-700 daily workers to its customers in 2018 with a monthly payroll averaging $1.3-1.5MM . Titles provided include (but not limited to) quality assurance inspectors, warehouse employees, machine operators, line assemblers, production assemblers, forklift operator, and material handlers. The asking price is $5,314.000 and CEO will stay with the buyer when offered a contract.
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