Cash Flow: $314,048
Gross Revenue: $845,878
This is a Wisconsin-based, full-service client-driven, talent acquisition and placement firm for today’s marketplace with 95% retention rate. The company dedicates its efforts to passionately finding and placing next-level talent for today’s marketplace. The company began by placing direct tech and IT talent which they continue to dominate. However, over the years they have expanded to also fill all types of professional positions all over United States.
The company stood the test of Covid-19 pandemic, with its operations indicating just a slight decline in 2020 from 2019 (4% decline in revenue), this business opportunity has no ceiling, no inventory, has a low overhead, and over 40% SDE margins and 25% profit margins. This ideal service business is easily scalable with the implementation of a formal marketing plan, expansion of geographical reach. The business can readily be relocated or operated 100% virtually.
The company was founded in mid 2010s delivering full-service client-driven talent acquisition and placement in diverse industries. The company’s clients range from small to large companies and Fortune 500 clients. All of the company’s business come from repeat business or referrals indicating their high competence in this field. The company uses highly talented performance-based recruiters, extensive proactive recruiting strategies, powerful recruiting tools, and success mentors for every placement. The results of this business model yields the company 95% first year retention rate for all candidates and placements. Their objective is to earn client trust, repeat business, and referrals by providing highly qualified candidates.
This company has built its business on a model of quality rather than quantity. Three attributes distinguish this company from its competitors; They have unfettered access to talent and candidates, the ability to match candidates to the culture of a company ensuring high retention rates, and high-level experience across various industries. Putting together these distinctive qualities allow Advanced Hires to deliver quickly for companies seeking the highest performing candidates in the marketplace.
The company is unmatched in the depth and breadth of their services. From entry level to C-Level candidate placement and everything in between. The company initially focused on placement of mainly IT roles, however, over the years the company have expanded to successfully recruit in non-IT roles for their clients. Their clients are made up of the following;
• Small and mid-sized companies requiring minimal staffing.
• Large companies with high staffing requirements.
• Fortune 500 companies with immense and specific requirement of talent and skills.
Milwaukee County, WI
An analysis of the company’s operation and business model has revealed competitive advantages that the company has over their competitors, these advantages are; (1) The company has a very high retention, 95% which is higher than that of competitors and also higher than the industry’s standard. (2) The company is more proactive in its selection criteria. The company focuses on both the needs of the client and those of a candidate. This way, they make better matches that end up is good relationships. (3) The company is a major player in IT placement and it is a field with a higher income and more opportunities than placements in other fields
Growth & Expansion:
While this company has continuously performed well over the years, the company can be scaled up for a more accelerated growth. Currently, the company only employs traditional marketing methods, word of mouth, client relationship and referrals to grow its business. The company can be scaled by developing a formal marketing plan to go with this offering. On the other hand, the company can expand its geographical reach by hiring more to expand in more regions.
Support & Training:
The business can be sold and the new owner take immediate operation and management of the company. The current owner(s) are willing to stay on for an agreed period to help a new owner transition successfully into the business/company. The current owner(s) are willing to negotiate an equity for them to remain as an employee in the company after a successful equity arrangement has been made.
Reason for Selling: