Last Revised: 10/31/19. Posting #: 10249160
Key Words: staffing, it staffing, information technology, information technology staffing, monroe, rochester, home based
Financial Info: The asking price is $650,000. 2019 Full Year Estimate: Revenue: $1,100,000, SDE: $204,000.
2018 Revenue: $914,000, SDE: $169,000. 2017 Revenue: $913,000, SDE: $205,000. 2016 Revenue: $505,000, $64,000.
Profile: The business is “based” in Rochester, NY but the owner recently moved to Georgia and runs the business from there, supported by occasional travel to Rochester to interface with customers/contractors.
The majority of the Company’s activities are focused on filling multi-year contract positions within the Company’s clients, with Company contractors. The Company’s contractors tend to get assigned and then extended once a contract is in place. As a result, the contract revenues are somewhat annuitized once an individual contactor is placed with the Company’s clients.
Founded in 2012 and solidified in its current construct in 2015. Genuine and sincere relationships with clients and professionals have enabled sustainable growth and profitability. This is currently a home-based business and can easily be re-located and operated independently, or as an add-on to an existing enterprise.
The Company currently has a pipeline of open multi-year contract requisitions which will/can be filled by sourcing additional contract talent. This is typically done through partnerships with recruiting firms whereby the recruiting firms source the talent and, if placed, they get paid a commission as income is received from the contract. There are no upfront/lump sum commissions due.
Contractor retention is very high because the Company pays a very good market wage and insures continued employment either at the same client/enterprise, or by sourcing new opportunities. It is rare that a customer will convert a contract individual to a full-time employee unless that is a pre-determined outcome agreed to by all parties.
The business generally sees more opportunity in challenging economic times since large employers tend to implement hiring freezes and/or reductions in force, and then will use contractors to get work done. Virtually no new business initiatives or existing business practices get done without IT support/upgrades/revisions.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Born and raised in Rochester, New York, Blair received his law degree in 1981 from Albany Law School. Over the course of the next four decades, Blair worked as a criminal prosecutor in Rochester, then for a large New York law firm in New York and Miami before starting his own solo legal practice.
Key Words: blair sibley, klassen ingalls, business broker, wholesale, plumbing, supplier, storage, marketing, distributor, distribution, market, supermarket, construction, hardware, swimwear, apparel, clothing, dry cleaners, day care, equipment, framing, staffing, fast food, hudson river valley, monroe, wayne, albany, jefferson, buffalo, erie, boston, worcester, rochester
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Performing due diligence when buying a business is critical to ensuring that you are making the best purchase for you and your family. As your professional team dives deep into a business during due diligence, be sure to ask the seller these questions about owning and operating the business.
Key Words: buyers, business buyers, buying a business, due diligence, jordan green
Profile: William Bruce, National Business Broker/Intermediary and Valuation Expert from Alabama, explains three important issues that arise when buying or selling a small business of any kind. These issues for business buyers and business owner/sellers include confidentiality, valuation, and financing.
Key Words: buying a business, buy a business, selling a business, sell a business, confidentiality, valuing a business, business valuation, financing, sba loans, loans, business purchase financing, 401k, william bruce
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
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Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
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