Nationwide Staffing Solutions Provider: 80% Repeat Customer Contracts, 4,000 Average Contract Value, Consistent YOY Growth, High Word of Mouth Referrals
Nationwide Staffing Solutions Provider is a job recruitment agency that specializes in matching job applicants with employers in recession-proof industries. With a strong reputation for professionalism and efficiency, the company has been in operation for eight years and is poised for significant expansion in the current low unemployment market. They have a high client retention rate, with 80% of customers continuing to use their services for ongoing recruiting needs.
OPERATIONS
The company operates by using advanced technology to find quality applicants through social media sites, podcasts, and online videos. They also rely on word-of-mouth advertising from satisfied clients. Their success rate in filling contracts is 85-90%, and they have a team of two full-time employees, three part-time employees, and one outsourced contractor.
The company does not have a significant supply or logistics aspect to its operations, as their focus is on matching job applicants with employers. Their revenue is generated entirely from pay-for-performance recruiting fees.
MARKETING AND KEY METRICS
The company primarily relies on word-of-mouth advertising from satisfied clients, and has not had to maintain an advertising budget. They have had success using social media platforms like Instagram and LinkedIn to connect with clients and job seekers. They could further expand their marketing efforts through advanced digital marketing channels and additional social media platforms.
The company’s sales channel primarily relies on word-of-mouth referrals from satisfied clients. There are growth opportunities by expanding their marketing efforts through digital channels and targeting new industries and states.
The company’s key metrics include an 80% client retention rate, an average contract value of $4,000, consistent year-over-year growth, and a high number of word-of-mouth referrals. Sales were up 45% in 2022 over 2021.
The company serves a wide range of industries, including mental health services, private schooling and education, and property management firms. They have a strong track record of success and customer satisfaction, with many clients staying with the company for years and submitting new orders for applicants.
BUSINESS MODEL & RESOURCES NEEDED
The company has a team of two full-time employees, three part-time employees, and one outsourced contractor. There is potential for growth by increasing the size of the staff and bringing on new recruiters.
THE INDUSTRY
The job recruiting industry is in a transition period, with advanced technology enabling recruiters to find quality applicants through various online platforms. The company serves a wide range of industries, with a focus on mental health services, private schooling and education, and property management firms. These industries are experiencing growth and constantly need new employees to meet demand.
OPPORTUNITIES TO SCALE
There are scale opportunities available for the company by expanding into new industries and states, as well as increasing the size of their staff. They have successfully grown their business by providing fast service at reasonable rates, and there is potential for further growth through advanced digital marketing channels.
Asking Price: $4,800,000
Gross Income: $1,699,831
Cash Flow: $1,281,421
Year Established: 2015
Employees: 6
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