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Established 8 years ago, our company offers a unique payroll software solution with a high revenue-generating potential per minute. With a client base of 650 companies, exclusive rights to our proprietary software, and a solid financial track record, this opportunity is ideal for buyers looking to enter the lucrative payroll processing industry.
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Payroll Partners Thora Ostvig
Overview • Eight-year-old company • Proven niche in the region • Proprietary software for transmitting payroll information • Proven track record of profitability • Client base of 650 companies
Our Software • Fully owned with exclusive rights • Allows customers to send data via modem • Customers use software free of charge • Software allows enhances per minute payroll processing revenue • Typical is $8 per minute in the industry • Ours is $2500 per minute
Industry Outlook • Biggest company in this industry: $3 billion in annual sales • Overall payroll processing industry is $12 billion annually • Projected to be $27 billion by 2005
Price • Value of companies • Bookkeeping businesses (50% of annual sales) • Accountancy firms (100% of annual sales) • Value of our company: half way between or 75% of annual sales • Asking price $380,000
What We Offer • Earn-out guarantees • Financing • Current employee retention • Exclusive rights to proprietary software