Healthcare Staffing Agency – RN’s, LVN’s, CNA’s, and CMA’s
Established in West Central Texas for over 20 years!
Established in West Central Texas for over 20 years, this healthcare staffing agency has seen year-over-year sales growth and has consistently high profit margins! The company provides Registered Nurses, Licensed Vocational Nurses, Certified Nursing Assistants, and Certified Medication Aids for hospitals, clinics, nursing homes, government, state, and schools on an as-needed, short-term, long-term, or permanent basis. Partnering with some of the leading healthcare facilities in the state of Texas, each nurse recruited by the agency is sent to the client as a W2 employee, which sets them apart from other staffing agencies. They average 65-75 active employees (RN’s, LVN’s, CNA’s, and CMA’s) who are in the system and ready to work when needed. As facilities are constantly faced with last minute and temporary staffing needs due to vacations, staffing shortages, and open shifts as a result of scheduled and unscheduled absences, this agency has a steady flow of clients each week.
Office staff includes 1 Office Manager/HR and 1 Staff Coordinator, and all nurses in their database are employed by the agency. All applicants are thoroughly screened before being submitted to a facility’s HR department. Base hourly rates for the nurses range from $18-$25/hour for CNA’s, $30-$37/hour for LVN’s, and $40-$47/hour for RN’s, with rates going higher if the nurse is working in a specialty unit or Covid unit. The number of clients/positions filled varies by the week, depending on demand; in general, the agency distributes 35-45 paychecks each week to the nurses.
Priced at $6,000,000, this agency already has a solid reputation and a well-established client base. A new owner could easily boost revenue by implementing a marketing strategy, creating a social media presence, and updating the company website. This would be a great opportunity and highly beneficial for an existing staffing agency to purchase.
Year Established: 2000
Location: West Central Texas
Service Area: Statewide
Services: Healthcare staffing (Registered Nurses, Licensed Vocational Nurses, Certified Nursing Assistants, and Certified Medication Aids) for hospitals, clinics, nursing homes, government, state, and schools on an as-needed, short-term, long-term, or permanent basis
Clients: Healthcare facilities throughout Texas
Lease: 900 sq. ft. office space; Rent is $7,500/year – this includes all utilities
Reason for Selling: Approaching retirement
Personnel: 1 FT Office Manager/HR + 1 FT Staff Coordinator; all recruited nurses are also W2 employees
Seller Training Period: Negotiable
Intangible Assets: Solid reputation in the state of Texas, word-of-mouth referrals, well-established client base
Growth Opportunities: Implement marketing strategy, update website, create social media presence
Current Owner’s Responsibilities: General oversight; not needed in the office
- List Price: $6,000,000
- 2021 Annualized Cash Flow: $2,601,682
- 3-Year Average Cash Flow [’19-‘21]: $1,420,492
*amounts may vary
Cash Flow Analysis
|Description of Financial Statement||P&L Statement|
|Net Income Shown on Financial Statement||$609,178||$-3,239||$73,917||$-6,850|
|Auto-Personal Use||$180||$0||$81||$848||20% personal|
|Management Fee||$660,513||$794,072||$794,566||$492,482||Paid to owner|
|Seller's Cash Flow = Total Addbacks + Net Income||$1,300,841||$790,833||$868,960||$486,480|
|Profit Margin||56.56 %||26.51 %||42.51 %||31.46 %|
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