Business for Sale

Per Diem Healthcare Staffing

BizEx1208-CG

Background

General Location:Southern California, CA
Category: Business Services (B2B)
Staffing
Years in Business:16
Under Present Owner:16
Hours of Operation:8-5
Owner Hours:10-3
Training:12 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:2020
Lease Options:3 yr
Building Size:
Employees:7
Reason for Sale:New Opportunity

Financials

Asking Price:$3,500,000
Down Payment:Negotiable
Gross Sales:$4,050,000
Discretionary Cash Flow:$1,230,000
FF&E:$25,000
Inventory Included?
Inventory:NA
Min. Operating Capital:$100,000
Real Estate Available?No
Rent:$2,582
Payroll:$25
Financing:SBA

2018 E 2017 2016
Gross Sales $ 4,050,000 $ 3,100,000 $ 2,500,000
Gross Profit $ $ $
Disc. Earnings $ 1,230,000 $ 815,000 $

Description

 

Our client (S Corp) has provided “per diem” professional nurses SINCE 2002 to the hospital community throughout Southern California. 2018 Revenues are estimated at $4,050,000 with Seller Discretionary Earnings indicated at $1,230,000 for the same period (based on actuals through 7\31\18.) Our client's customer list includes the largest Healthcare Networks in Northern and Southern California and the proprietary nursing database includes 1700 active nurses. A Per Diem nurse works on a day-to-day basis when she is needed to cover for regularly-scheduled nurses on their days off. A per diem nurse may also be called in to supplement regular staff when there is a sudden influx of patients. Per Diem employees enjoy a flexible schedule and a variety of workplace settings, while traveling nurses receive premium housing and per diem living allowances. Titles provided (but not limited to) include Registered Nurses for Intensive Care Units, Emergency Rooms, Clinical Decision Units and NeoNatal units etc. Other titles provided are Certified Nursing Assistants and Sitters.
The lucrative travel segment  varies from 15 to 20% of the revenues.These are nursing professionals engaged in locations remote from their homes and are provided a “per diem” expense package paid by the hospital system to cover all living expenses in addition to their salaries. The Travel Nursing gross profit is typically 120% of the local nursing per diems’ gross profit with all living expenses billed to the hospital clients.

This firm has consistently earned JOINT COMMISSION CERTIFICATION status which provides the accreditation necessary to service its hospital.

Please contact Charles Graziani, BizEx M&A Advisor\Staffing, at 312-404-4771 and/or register online at www.bizex.net for further information.


Download Setup Sheet



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.

Return to Listings





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