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Profitable Healthcare Recruitment And Staffing Firm For Sale

Thornhill, Ontario, Canada
Asking Price:
Over $5M (CAD)
Sales Revenue:
$18,211,418 (CAD)
Cash Flow:
$2,374,741 (CAD)

This is a highly successful healthcare recruitment and staffing company with substantial provincial contracts across Canada. The business, is based in Ontario, Canada and has significant expansion opportunities within both public and private sectors throughout the country, as well as into the United States. The company's organizational structure and governance ensure smooth operations without the need for owner-operator involvement.

The business is experiencing rapid growth, sustaining an impressive 18% profit margin over the past two years. The company's EBITDA for the fiscal year ending in 2023 was $2.9 million. Without any sustained growth, the projected and on track EBITDA for the fiscal year ending in 2024 is expected to be $5.2 million. This growth is supported by proprietary and optimized systems designed to streamline operations and facilitate scaling. Additionally, the company has developed a SaaS product that is currently in the testing phase. A comprehensive go-to-market strategy is being developed, with plans to cross-sell this product to existing clients.

Property Information

Location:

The organization has no physical location and the team operates virtually.

Premises Details:

Not Applicable

Business Operation

Expansion Potential:

The company has substantial opportunities for growth by procuring contracts with both public and private vendors, both within and outside of the healthcare niche. This can be achieved through the expansion of the current sales team and the development of targeted marketing and advertising campaigns. Additionally, the company's proprietary systems can be extended to the homecare sector, allowing for the provision of in-home services.

There is also significant potential in competing for public bids, engaging in international recruitment, and exploring B2B and B2C sales for the new SaaS product. These avenues present abundant opportunities within Canada and United States to further expand the company’s reach and impact. By leveraging these strategies, the company is well-positioned to capitalize on new markets and continue its rapid growth trajectory.

Competition / Market:

The organization has a proprietary system that gives it a distinct advantage over local and federal competitors in the healthcare staffing space. The standard operating procedures and internal systems allows the company to efficiently fulfill both immediate and long-term vacancies, ensuring timely and reliable staffing solutions.

Moreover, the company benefits from a large network of organic word-of-mouth referrals, which enhances its recruitment efforts. The primary competitors are other healthcare-specific staffing agencies, but the company's systems and strong reputation set it apart in the industry.

Reasons for selling:

Regarding a minority share purchase, the owners are interested in bringing in a strategic investor who can support growth by introducing new business opportunities and funding to meet ongoing financial needs.

For a majority share purchase, the owners expect the buyer to assume control of the company with a clear strategic direction and expansion plan. It is essential for the current owners to align with the buyer on the organization's mission, vision, and values to ensure a good fit.

In the case of a full company purchase, the owners are looking forward to enjoying the financial buyout and taking time off to travel around the world and pursue personal interests.

Trading hours:

Operations follow standard business hours, running Monday through Friday from 8 AM to 6 PM EST to accommodate federal clients. Our team staggers their work hours to ensure seamless service and availability throughout the day.

Employees:
19
Years established:
2

Other Information

Support & training:

The owners will provide comprehensive training to the prospective buyer and are committed to staying on for three months to offer full-time support. Additionally, they are available for up to six months on an as-needed basis to ensure a smooth transition.

Financing available:

The owners are open to selling a minority share, majority share, or the entire company. Depending on the deal structure, there may be opportunities for financing.

Related Documents:
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.