Business Synopsis
Established in 2011, this is a professionally managed, 3 year old medical staffing and recruitment Company specializing in placements of all levels of medical professionals. The Company is located in New York with 6 other branches across the US.
The Owner and CEO of the Company brings along a vast experience in Medical Staffing business and has grown the Company to about 27 Employees and 7 office locations and about $2MN in revenues in 3 years, all of which is organic growth.
This Company can be made as a vehicle to acquire several other companies and roll their business into the strong management model of the company. The CEO is confident and capable of growing this company to 50mm with adequate capital backing.
Financial Information
The revenues were roughly 1.2m 2011, 1.5m 2012 and 2m for 2013.
Funding Information
Reason for raising funds: For faster organic growth and to acquire other smaller companies and competitors.
Amount of funds required: Minimum $1mm
Utilization of Funds: Marketing, bringing in more recruiters & acquiring several smaller companies
Possible Exit Strategies: Selling to large competitor
Growth Potential
2014 revenue should be about $2m-$2.25m but the Company is completing two key infrastructure components: 1) An online application and staffing system (to expedite and streamline the recruitment & staffing process) and 2) becoming certified by the joint commission (giving it credibility as a quality staffing firm).
The 2015 revenue is projected to double to 5mm and over the next few years to grow to 25mm.
Every 10 nurse we have generates over $1m in annual revenue. Each recruiter on average can manage & maintain 20-25 nurses on payroll. We will scale up to 10 recruiters giving us 200 to 250 on payroll which will generate 20 to 25 million in annual revenue.