Executive Search Firm - Looking For Partner

Location: United States -> Michigan -> Detroit
Industry: Business Services > Staffing

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 and we are in negotiations with several new large potential clients. Our database contains detailed records of over 450 companies with 2,000+ contacts and 4,500+ resumes. The business is struggling right now due to economic difficulties and an attempt to grow too fast and we have decided the time is right to take on a partner. 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 steady profitable growth with very limited expenses with the right partner, collaboration and strategy. Ideally we are searching for a partner with a strong work ethic and sales mentality who wants to start building equity instead of settling for marginal commissions working for someone else. The partner could be based in Michigan, Illinois or New York and I would consider selling a majority ownership. 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.

Financials

Asking Price Range: < $250K
Gross Revenues: $250,000
Cash Flow: $100,000
Cash Flow Type: EBITDA
Seller Financing: Yes

About The Business

Year Established: 2000
Number of Employees: 1 – 3
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Not Applicable

About The Sale

Management Training and Support: Experienced successful industry executive / partner.
Reason For Selling: Looking for productive partner.