Part of Strategic Decision to Exit California Marketplace
Command Center, Inc. a national provider of on-demand and temporary staffing solutions, announced that it has agreed to sell its four California locations to Resolute Enterprises, LLC for $1.8 million. Command Center is providing seller financing for the transaction, receiving a four-year promissory note at 10% interest.
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After careful review, we determined that California has a number of regulations unique to the state, and complying with these requirements would require significant and ongoing resources which do not make sense at our current size,” commented Rick Hermanns, Command Center’s President and Chief Executive Officer. “At our current scale, we believe there are better investment opportunities elsewhere. Our focus remains to convert the remaining branches to the franchise model. We continue to expect to convert the remaining branches to the franchise model by the end of 2019.”
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About Command Center
Command Center and its subsidiary Hire Quest, LLC provide flexible on-demand employment solutions to businesses in the United States, primarily in the areas of construction, light industrial, manufacturing, hospitality and event services. Through more than 146 franchised and corporately-owned field offices in 31 states and the District of Columbia, the Company, through Hire Quest, provides employment annually for approximately 85,000 field team members working for thousands of clients.
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