Prime Staffing Company in Washington DC

This staffing company was originally founded in 1972 and acquired by the current owner in 2017. It currently serves the Private Sector, Non-Profits, and Non-Government Organizations in the Washington DC Metro area, including Maryland and Virginia. The company’s primary service offering is Temporary staffing, supplemented by Temp-to-Perm and Permanent placements.

Services Offered
The company's revenue is heavily weighted toward temporary staffing, which offers a robust gross margin.
Service Mix by Revenue Percentage:
Temporary Staffing: 91% of sales
Temporary to Permanent / Permanent: 9% of sales
Highest Margin Products:
Temporary Staffing – 35% Gross Margin
Permanent Placement – 100% Gross Margin

Operations & Facilities
• Employees: The company utilizes a mix of salaried, hourly, and bonus/commission-based compensation across roles.
• Employee Benefits: Comprehensive benefits include Vacation, Sick Leave, Medical, Dental, and others.
• Facility Details: The office occupies 2,200 total square feet with a lease that runs until December 2028 with exit options.

Growth Opportunities
Identified expansion opportunities include leveraging existing expertise and entering new markets.
• Specific Expansion Opportunities: Conference Staffing, Accounting / Financial Services, and Information Technology.
• Additional Target Markets: Federal Government via Sub-Contractors and Law Firms.

Reason for Sale
The current owner is planning for retirement.

Transition & Support
The sole owner is involved day-to-day in operations. Specific details on the transition plan will be discussed to ensure a smooth handover of operations and customer relationships.