Profitable Staffing Co. – Has Accepted Offer

Price: $4,500,000

Annual Revenue: $7,549,053

Net Cash Flow: $1,248,651

Industry: Services

Location: LA

This company provides a variety of temporary staffing services to hotels, casinos, construction sites, professional service firms and homeowners. Staffing solutions range from hospitality and janitorial to construction and skilled workers. They find, screen, qualify, and place employees in jobs of all types, from the factory floor to the executive suite. Whether the need is specialized or extremely large, they provide quick access to top talent.

Over the past 3 years, they have been able to exceed sales projections each and every year. Sales growth has been 25% plus each year and expect the same in 2018. They maintain excellent profit margins. It’s management team not only has hospitality experience but also experience in financial and legal matters. Upper management has over 40 years experience in the hospitality industry. It’s in-house workforce comes from working in the industry so they are better qualified to know the needs of both the customer and the workforce to ensure a smooth transition to on-boarding new clients. They have a bevy of in-house recruiters filling their daily staffing needs. They are undertaking a new IT development project that will increase efficiency and costs by 50% or more within the next six (6) months.

Listing Details

Training & Support:

Seller will provide training and support. 

Location

Facilities Information:

Facilities are conveniently located to all major Highways and have ample parking.

Summary

Competition:

This company is the only hospitality staffing company in the area that’s office is staffed 7 days a week. They maintain a 24/7 on-call system. Workforce is properly trained and they offer training programs for upward mobility. They have corporate trainers that used to be housekeeping supervisors. They assist in the on-boarding process for new clients ensuring all workers are properly trained and well-suited for the job. They have experience along all hotel brand lines so they reduce the down-time associated with staff learning a particular brand’s operating procedures.

Potential Growth:

This Company is the largest supplier of temporary staffing in the New Orleans area. In 2016, visitors to New Orleans spent $7.41 billion dollars, a 5.1 percent increase compared to the visitor spending record set in 2015, and the city hosted a record-breaking 10.45 million visitors, the highest since 2004 and a 6.9 percent increase compared to 2015. The New Orleans market now boasts 283 hotels, with several more properties on deck for a projected 5,166 additional rooms. Currently 1,381 rooms are under construction. In all, the city and adjacent metro areas hold just under 40,000 rooms. New Orleans has become one of the best places to eat in the US, with a thriving restaurant scene that’s doubled in size since Hurricane Katrina. Figures published in August 2015 by editor of the New Orleans Menu, showed that in the 10 years after Hurricane Katrina the number of eating establishments increased from 800 to 1,400, despite the fact the population is still 100,000 less than in 2005. This company is a recognized name in the hospitality industry. They are known in the industry for providing Superior services to their customers on a consistent basis with a well-trained workforce. They have prided themselves on building a brand that is second to none. It’s name brand is sought out by clients who trust them to use their services and provide confidentiality, thus resolving their staffing challenges without question.

Financing/Terms:

Seller will consider financing