Business for Sale

Light Industrial Staffing

BizEx1205-CG

Background

General Location:Santa Fe Springs, CA
Category: Business Services (B2B)
Staffing
Years in Business:8
Under Present Owner:8
Hours of Operation:8-5
Owner Hours:8-5
Training:Eight weeks weeks @ hours
Organization Type:C-Corp
Lease Expiration:One Year
Lease Options:Annual
Building Size:
Employees:14
Reason for Sale:New Opportunity

Financials

Asking Price:$5,300,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:$1,472,700
FF&E:$50,000
Inventory Included?No
Inventory:NA
Min. Operating Capital:$150,000
Real Estate Available?No
Rent:$9,038
Financing:Call

2019E 2018
Gross Sales $ 22,083,000 $ 20,075,600
Gross Profit $ 4,169,000 $ 3,555,000
Disc. Earnings $ 1,600,000 $ 1,233,000

Description

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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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Charles Graziani
M&A Advisor/ Staffing Group
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 131
Direct: (312) 404-4771
Lic#: 01906842