Asking Price: $250,000 Gross Revenue: $270,561Cash Flow: $115,510 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Over the past 35+ years, Franchisor has been providing staffing services to companies, so it has longevity and a well-developed and proven system. Franchisees have owned and operated the existing location since 2009. The business offers contract, direct hire, full-time staffing, part-time staffing, temporary and seasonal staffing, skilled and unskilled labor, and permanent staffing services in King, Pierce, and Snohomish Counties.
About the Business
Number of Employees:
Building Sq. Ft.:
The business occupies 1,440 square feet. Current monthly rent is $1,195.00 through 01/31/19. Rent increases to $1,243.00 per month from 02/01/19 to 01/31/20. Lease originally expired on 01/31/18, but was extended 24 months until 01/31/20.
Staffing is a $174 billion industry, the biggest and fastest growing B2B industry today. While there is competition within the industry, it is partially offset by strength of the Franchisor, given a 35+ year history and proven system for future success. Additionally, there is brand recognition. No direct competition from other franchisees.
Growth & Expansion:
Franchisor offers exclusive protected territory. Franchisees can open multiple locations. There is no additional franchise fee to open more than one location, as long as the location is within their designated market area.
Owners are available for support/training during the first 2-3 months. Franchisor offers a full support center including departments in risk management, accounting, marketing, training, system support, administration and IT. Franchisor also offers a 4-5 day operations training session and a 3-day sales training session at their support center in addition to on-site training. There are periodic webinars, classroom, and on-site training, and continuing assistance from a franchise support manager, who acts as a trusted business development advisor.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.