Full-Service Staffing Company in RI

Overview: This company is a full-service staffing firm established more than 15 years ago, offering temporary, long-term, temporary-to-hire, direct placement, and payrolling services.
It operates solely within the state and has built a strong reputation for accessibility, exceptional service, and commitment to both clients and temporary employees. The company is actively involved in the business community, holding memberships in several organizations, including the Chamber of Commerce, the American Staffing Association, and the Rhode Island Staffing Association. The company has a solid client base.

Products and Services: The business primarily focuses on office, administrative, and financial/professional staffing (98%), including direct hire placements. A smaller portion of their business (2%) is in light industrial staffing. Office staffing and direct hire placements represent the highest-margin products.

Operations: The company operates from a 1,100 sq ft location in central Rhode Island, currently utilizing approximately 75% of the space. All internal staff members can take client orders via email, online portal, or telephone. Order values vary depending on the length of the assignment, position type, and required skill sets. Turnaround time for fulfilling orders depends on various factors, including lead time, recruiting activity, and client preferences and pricing is in line with market rates. Marketing efforts include referrals, community involvement and other methods.

Growth Opportunities: The owner has identified several growth opportunities, including:
• Expansion of IT services with a dedicated recruiter, leveraging the existing client base.
• Expansion of light industrial staffing services.
• Geographic expansion into neighboring states (Massachusetts, Connecticut, and others).

Competition: The company distinguishes itself through its accessibility, exceptional service, commitment, and strong reputation built over the years. Active involvement in the business community and adherence to ethical standards within the staffing industry further differentiate it from competitors.

Reason for Selling: The sole owner is selling the business as an exit strategy for retirement after a 47-year career in the staffing industry and seeks a buyer who will continue to operate and grow the business.