Long Established, California Staffing & Recruiting Company - SBA Pre-Qualified

Business Overview:

This is a well-established staffing and recruiting firm which provides clients with quality temporary and permanent employees to fulfill general office, marketing, customer support, finance and accounting requirements. This Company has strong relationships with local businesses, schools and colleges, nonprofits and government agencies, which has enabled it to generate consistently high revenues and profits for decades. About 70-80% of revenues come from providing temporary staff and 20-30% comes from direct placement fees. The large majority of revenues are from repeat customers.The temporary employee business is recession resistant because during economic downturns many companies start to use more temporary employees rather than direct hires. During the 2020 Covid19 shutdowns the Company discovered it could effectively service its clients’ needs from home-based offices and so now operates with only one small office for finance and accounting needs. Otherwise, it utilizes home based employees, a move that reduced its rent expense and other facility costs by over $100,000 annually.The owner devotes 3-4 days weekly to run the business. The Company’s employees are capable of running the business in the owner’s absence for extended periods, but a new owner should expect to personally and more actively manage the business, especially to develop their own relationships with the Company’s clients.

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Market Competition and Expansion:

The Company effectively competes against much larger staffing and recruiting companies due to its strong client relationships, large database of potential temporary and permanent employees, and a deep understanding of clients’ needs. Unlike many recruiting firms where the recruiters work in competition with each other in the same office, this Company utilizes a collaborative approach where the goal is to find the most suitable employee for their clients’ needs.

Reason for Selling:

The owner is ready to retire and is seeking a highly energized buyer with good people skills and the desire to take this business to the next level and beyond.

Additional Details:

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