11+ Y/O Market Leader in Solidarity Economy & EAs

Business Start Date: 2014
Business Location: France
Business Valuation: $20,400,000 USD
Employee Number (Inc. Owners): 50+
Business Model: Business-to-business (B2B)
Industry: Social and Solidarity Economy, Adapted Enterprise
Percentage Being Sold: 100%
Sales (TTM): €14,460,000 ($15,700,000)
Net Profit (TTM SDE): €3,100,000 ($3,340,000)
Business Multiple (TTM EBITDA): 6.1x
Paying Clients (TTM): 2900+
Tag Line: 11 Y/O France Market Leader in Social and Solidarity Economy and Adapted Enterprise, priced at 6.1x profit.
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Executive Summary
These businesses are state-approved Adapted Enterprises (EAs) in France, established in 2014. The companies hold 3 government licenses and operate 7 secondary establishments across Aix-en-Provence, Montrouge, and Rochefort. They specialize in employing workers with disabilities (71% of [REDACTED]’s workforce and 67% at [REDACTED]) while providing tax compliance solutions to corporate clients under France's 1987 disability employment law (Law of July 10, 1987). [REDACTED] (founded in 2014 in Aix-en-Provence) and [REDACTED] (acquired in 2020 for €200,000) operate under:
Law of July 10, 1987: Requires companies with 20+ employees to hire 6% disabled workers or pay an AGEFIPH tax (400–1,500x the hourly minimum wage per missing worker, capped at €17,800 per employee for chronic non-compliance).
3 state approvals:
Aix-en-Provence (2014)
Montrouge (2015)
Rochefort (2017)
All licenses include automatic renewals until 2030.
7 secondary establishments: FSED, Henergy, CMH, AMSO, Hepic, Arthea, and Humea, each benefiting from the same approvals as their parent companies.
Key Metrics:
Revenue: €14,460,000 ($15,700,000)
EBITDA: €3,100,000 ($3,340,000)
EBITDA Margin: 21.54%
Employees: 34 at [REDACTED] (71% disabled), 15 at [REDACTED] (67% disabled)
Customers: 2,900+ (2023) with €3,645 average revenue/client
Unused client prepayments: €1,934,000 (2023)
Investment Highlights
Protected Market Position:
Prefectural agreements grant regional monopolies—no new EA approvals issued since 2020 reforms.
Multi-Year Contracts (CPOM) with the French government ensure stability until 2030.
Tax advantage for clients: Companies purchasing from EAs save up to 75% on AGEFIPH/URSSAF taxes.
Financial Model:
6–8x markup on office supplies and solidarity products.
80% prepaid revenue via client accounts (3-year usage window).
Wage subsidies: €405,000/year (€11,500 per disabled worker), covering 31% of personnel costs.
Acquisition Potential:
[REDACTED] case study:
Acquired in 2020 for €200,000.
Grew to €5,000,000 revenue in 4 years (25x ROI).
EBITDA increased from €118,000 to €820,000.
Business Overview
Core Offerings:
Office supplies (primary revenue driver).
Disability awareness kits ("solidarity products").
Marketing services (9 showcase websites, catalog creation).
Workforce placement (temporary staffing of disabled workers).