Recurring weekly accounts keep this service staffing company busy. Established in Kansas City for 25 years, clients are corporations, caterers, event spaces, country clubs and private individuals. In any given week, staff are working for 20 clients, with a handful working full time at the back of the house. While 2 key employees handle scheduling and billing, there is a list of about 50 for event staffing, ensuring that the seller can step away for vacations without a worry.
There is minimal overhead with this business, as only a small office space is leased for interviews and occasionally used by the 2 office staff, who usually work from home. Inventory is small, with 15 – 20 branded aprons on hand for private events. Employees are required to supply their own uniforms, 90% of which can be found at major retailers.
About 18% of income results from staffing for private parties and social events. A buyer could look to increase this revenue stream, or hire more staff to work with corporate clients and food service companies. There is also a growing need for back end staffing, especially during holidays. This is a great chance to take a well-known company and grow it to the next level with more staff and an ambitious owner.
Fully functional, small office space for interviews; leased month to month
Hire more staff. Back house staffing. More private parties.
1 FT, 1 PT – scheduling, billing; 50 on list for staffing events
Purchase Price: $205,000
15% Buyer Down Payment: $30,750
10% Seller Financing: $20,500
75% Bank Loan: $153,750
A 15% down payment profits $40,010 in the first year after debt payments.