Nor Cal HR Services Consulting Business 80 Percent Recurring Revenue
Location: Northern CA
Industry: Professional, Scientific, and Technical Services
Listing ID: 6374
This business is an expert human resource services consulting business that offers a full range of human resource offerings to a strong base of retained clients. The company offers outsourced training and support for management teams to enable a proactive approach to HR, targeting small and mid-sized employers in California. The firm has developed a well-earned reputation in the market over the last two decades, building a large, retained client base through a customized service approach, responsive and knowledgeable staff, and a curated collection of HR knowledge and tools. Over 80% of the revenue is recurring billed out monthly/quarterly.
The company has maintained steady growth every year since its founding despite several economic downturns, benefitting from a base of retained clients that contribute the bulk of overall revenue. Clients show very low turnover, as the company’s services have been consistently valuable by enabling businesses to be proactive and compliant on HR issues, lessening their overall HR costs through minimized claims. The company additionally offers the opportunity for new ownership to grow sales further through expanded business lines such as recruiting services, payroll services, safety consultations, and human resource information system (HRIS) software offerings.
With a loyal client base, consistently positive customer feedback, and strong sales performance, this business has built a strong foundation over 20 years to serve Northern California as its foremost HR specialist consulting services company through a focus on customized service. Buyers should have a general understanding of the HR industry and trends.
Total Sales: $1,184,689
Cash Flow: $454,039
FFE Included: Yes
Inventory Included: Yes
Year Established: 2001
Year of last Acquisition: 2001
Days & Hours of Operation: 9am to 4pm
Monthly Rent: $1,050
Square Footage: 800 sf office
Facilities Information: 800 sf office
800 sf office
Training & Support: Yes