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Command Center agrees to sell California locations to Resolute Enterprises for USD1.8m.

M2 EQUITYBITES-September 2, 2019-Command Center agrees to sell California locations to Resolute Enterprises for USD1.8m

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Command Center Inc (Nasdaq:CCNI) declared on Saturday that it agreed to sell its four California locations to Resolute Enterprises LLC for an amount of USD1.8m.

Also, the company mentioned that it is providing seller financing for the transaction and will receive a four-year promissory note at 10% interest.

Command Center and its subsidiary Hire Quest LLC provide flexible on-demand employment solutions in the US, mainly in the construction, light industrial, manufacturing, hospitality and event services sectors. It operates through over 146 franchised and corporately-owned field offices in 31 states in the US and the District of Columbia.

The company through Hire Quest, provides employment annually for about 85,000 field team members working for its clients.

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Publication:M2 EquityBites (EQB)
Date:Sep 2, 2019
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