Executive Search Firm - Looking For Partner
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $300000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2000
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Experienced successful industry executive / partner.
Reason for Sale Looking for productive partner.
Description Executive Search and Contract Staffing firm established in 2005 looking for an active partner to help drive growth through expanded services. Revenues have fluctuated over the past few years from a high of $600,000 to a low of $100,000. Our primary business has been direct placement in Information Technology, Finance and Accounting and Advertising industries. Some limited contract staffing has been achieved and this is a targeted growth area. We have over a dozen preferred vendor agreements in place with over a dozen additional companies that have generated revenues within the past two years. Our database contains detailed records of over 450 companies with 2,000+ contacts and 4,500+ resumes. The business is in distress due to economic difficulties and an attempt to grow too fast. Our new client agreements has allowed us to expand our services into other cities and created enormous new potential opportunities. Extreme cost cutting including a shift to virtual / home offices has just been completed and the company is now positioned for explosive profitable growth with very limited expenses. Ideally we are searching for a partner with a strong industry background and existing contacts in executive search / placement who wants to start building equity instead of settling for marginal commissions. We would consider selling a majority ownership if the partner could qualify the firm as a minority owned business. This company would also be an ideal acquisition for a national firm that does not have an established office in our metropolitan area and wants to quickly explode into our market. Asking price is less than $250,000. Contact for more information on this Executive Search Firm for sale.
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