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Payroll Service Bureau With Exclusive Software License
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $400000
Net Profit / Cash Flow $140440
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Will train for 4 weeks at no cost.
Reason for Sale Not core business.
Description An enterprise Human Resources software firm is divesting this profitable payroll service bureau with $400K in recurring annual revenue from users of its HR payroll small business focused software platform. The core business of the software company is enterprise solutions serving a small number of very large clients. The programmers developed this payroll software as a solution aimed at the small business market; but their core business model does not profitably allow for the type of support required for many small business clients. Therefore the company would like to divest this business and pass these clients on to a buyer who would have the exclusive license to sell their software solution into the small to medium sized business marketplace. The software is integrated into one of the leading staffing software solutions, providing an enormous opportunity for future growth. Ideal buyers include smaller existing payroll service bureaus seeking a robust software platform to service their clients; or an ambitious individual with payroll sales experience looking to make the entrepreneurial leap. The software itself is also available for sale for the right buyer with an existing software company or software experience.
Sales Price: $450,000.
Contact: John Gledhill
Phone: 508-732-4100
Click Here To Contact Seller
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