Looking for a buyer.
The company offers three distinct services to its extensive client roster including: (1) Executive Recruiting (62% of ’21 revenue) – The Company provides direct hire placement services spanning operations, sales, technology, back-office support, and other roles and earns a contingency fee for each successful placement. The Company has contracts with more than 40 clients including multiple publicly traded companies. (2) Spend Management and Cost Containment Solutions (31% of ’21 revenue) – Leveraging its deep domain knowledge and proprietary spend data, the company provides unparalleled vendor spend analytics and optimization solutions that generate immediate and significant cost savings opportunities. The Company earns a contingency fee based on actual savings, paid over multiple years. (3) Consulting (7% of ’21 revenue)– The Company offers traditional, hourly-fee-based consulting services to core clients nationwide. The Company revenue was $1.74M in 2021 and $1.41M in 2020, representing a growth rate of 24%. The company’s SDE was over $1M in 2021 and $914K in###-###-#### margins of 60%, and 65%. By 2026, revenue is forecasted to be $4.6M with $2.1M in net profit. Profit margins are expected to remain north of 50%. The sellers will retain 100% of the postpaid revenue balances for the Spend Management business ($3M, paid over the next 24 months), as the company will not need to do any work related to this revenue after closing. Employees: There are five (5) employees on the Company team. The leadership team has direct experience in Big 4 Operations Consulting, Marketing / Advertising, Mortgage Finance, Banking, Sales Management, and Pharmacy Science. It is comprised of highly educated professionals with direct experience across multiple industries. Competitive Differentiators: The Company is a pioneer in the industry, leveraging proprietary analytics, and proprietary vendor pricing data, with revolutionary business processes to outperform client expectations. The Company focuses on providing tangible and sustainable value at no cost to its clients. All revenue from non-consulting work is contingency-fee based, and its domain expertise in cost containment and executive recruiting is transportable to any company in any industry. Clients: The Company has a diversified client base and works with leading companies across its spend management and executive recruiting divisions. The company’s Spend Management division generates tangible results. Five examples of annualized savings are: • $2.1M in Print & Mail expenses for Loan Servicer • $1.02M in Credit Reporting expenses for Lender • $640K in Overnight Shipping expenses for Lender • $408K in outsourcing expenses for Financial Company • $600K in Temporary Staffing expenses for Financial Company Transition Support: The owners are willing to fully assist the buyer in having a smooth transition period, with one owner potentially helping with the sale process. The principal owner wants to retire and is willing to stay on for up to three years (depending on the purchase price) and help the company grow, with an existing Ops VC capable of taking the leadership position. Reason for Selling: The owners are ready to retire and let the Company go to the next level of growth in the hands of the right buyer. Value Proposition: The Company’s core business lines, Spend Management and Executive Recruiting, are poised for explosive growth given the current economic conditions - unemployment is at 3.6% (May 2022), and vendor costs are skyrocketing. Companies cannot locate employees independently and engage executive recruiters for even the most mundane roles. Further, these same companies are looking for ways to reduce expenses and drive cash to the bottom line.
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