Central Coast Staffing

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Background

BizEx ID:BizEx1313-CG
General Location:San Luis Obispo, CA
Category: Business Services
Staffing
Years in Business:70
Under Present Owner:20
Hours of Operation:8-5
Owner Hours:afternoons
Training:4 weeks @ 10 hours
Organization Type:S-Corp
Lease Expiration:2222
Lease Options:5 yr
Building Size:
Employees:8
Reason for Sale:retirement

Financials

Asking Price:$300,000
Down Payment:$100,000
Gross Sales:$2,200,000
Discretionary Cash Flow:$210,000
FF&E:$25,000
Inventory Included?
Inventory:na
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$2,885
Financing:Call

2018
Gross Sales $ 2,300,000
Gross Profit $ 585,000
Disc. Earnings $ 210,000

Description

WINE COUNTRY LISTING

This is a  central coast California based staffing firm with a decade of consistent earnings of $200,000 annually and consistent annual revenues of  $2,100,000.  The county is fast growing with a potential of greater penetration  in the aerospace, agriculture and light industrial segments as well as continued growth in  the already established admin\clerical area.

The owner is in his mid 70’s and seeks to exit the business this year.

Any deal would include a small day of closing payment and an earn out that would allow for future payments to the owner proportionate to the increase in business as the economy rebounds and the firm returns to previous levels. However, the owner would consider a discounted purchase price reflecting the current level of business.

CALL Charlie Graziani at 310 882 2200 X131 or email me at cgraziani@bizex.net.


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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.




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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations