LISTING DETAILS
Listing Status: New
Asking Price: $160,000
Total Sales: $288,800
Cash Flow: $69,151
Real Estate Asking Price: N/A
FFE: $25,000
FFE Included in Sale: Yes
Year Established: 2016
Employees: 3 FT
Description
Business Summary:
Excellent opportunity to own a well-known staffing franchise based in Montgomery County, Maryland. The business is locally owned, but part of a nationally recognized staffing leader and this specific franchise has served the suburban Maryland market for nearly a decade. This is an ideal opportunity for someone looking for a turnkey business with minimal overhead and significant room for continued expansion. The owner has done an excellent job building relationships with major employers in the territory and has contracts in place with a number of well-known companies.
This location was founded in 2017 and specializes in both temporary and full-time employment contracts. The owner works with job seekers and employers allowing them to address the specific needs of their clients. The franchise serves a number of target industries including office, manufacturing, finance, industrial, and other business services. The past few years have proved to be challenging in the local hiring and staffing industry, but the business is rebounding and looks to be on its way get back to generating revenues of $350k plus and cash flow of $100k plus. The company's recent down performance makes this a great opportunity for someone to purchase for an attractive acquisition price based on the historical performance of this business. One of the benefits to being part of a nationally known franchisor is that they handle many of the back office functions and allow the owner to focus on filling open positions and growing their franchise.
The franchise does an excellent job marketing and branding the business and has key relationships in place with a number of prominent organizations throughout the DC area. The Montgomery County area remains one of the prime markets for a staffing agency in the DC area. The franchise offers a comprehensive training/on-boarding program to all new franchisees as well. While the new owner is training with the franchisor, the owner will continue to operate the business as usual and prepare to assist with a seamless transition to the next owner. We don’t expect this opportunity to last long, so contact us today to learn more!
Description of Facilities: The business operates out of a 1,009 sq ft space which is leased for $2,319.30/mo in an office park just off a major thoroughfare in Montgomery County.
Competition: There is standard competition for the industry and market, but this business has been established for 9 years and has a number of contracts and relationships in place. The staffing industry is highly fragmented and competitive so it’s imperative to have a foothold in the market, which is why owning an established operation is highly appealing compared to starting a business from scratch.
Growth & Expansion: There is room to grow and expand the business. The franchise has experienced some recent downturns due to broader hiring and staffing challenges in the DC metro area in recent years. A new owner might consider devoting time and resources to establishing relationships with prominent employers in the franchise territory. A dedicated outbound sales effort represents a clear growth opportunity. Given that this business model scales directly with sales activity, a strong salesperson could drive lead generation, expand the customer base, and increase revenue immediately.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms and qualifications of the buyer.
Reason for sale: Owner would like to pursue other business interests.
Training & Support: The franchise will provide 4 weeks of initial training. The franchise owner will provide necessary transitional support.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
