Business Summary: Update: As of 4/28/08 sales are up 55% over 2007, from $602,714 to $935,178. Established over 10 years, the Company provides temporary placements for a wide variety of industries in multiple states.  The Company’s clients include firms in industries such as manufacturing, distribution, hospitality and construction, as well as governmental and educational clients.  The Company is distinguished by its personalized service and placement capability as evidenced by its pool of over 2,350 placement candidates and 100+ active customers. The Company employs nine permanent staff including ownership and operates out of multiple leased facilities.  Revenue for the year-ended 2007 was $2.8 million with an adjusted EBITDA of $103,000.  Total sales have been climbing in each of the past four years.  The Company’s markup ranges between 1.3 and 1.6 with an average markup of 1.44.
Number of Employees: 9FT including owner; 1000-1800 annual placements
Facilities: multiple leased small office spaces in two states
Potential Growth/Expansion: This business acquisition opportunity serves as an excellent opportunity for an existing staffing firm that can leverage long-term customer relationships, gain entry to an established client base and eliminate overhead by quickly integrating the Company’s established accounts into their current business operations. Ownership is willing to assist in a reasonable transition period.