HR Outsourcing Company providing PEO, ASP, and Payroll Services
Human Resources Outsourcing (HRO) firm providing administrative and consultative services in Payroll, Benefits, Risk Management, Safety, and Human Resource Compliance to small to medium-sized businesses.
• 225+ Employer Clients
• Over 3,000 employees are paid regularly
• High touch, high service client service model
• 14 knowledgeable employees. Most have been with the
Company for over five years
• $1m in reoccurring revenue
• Average client size is between 11 and 13 employees
The Company was founded in 2004 and has two offices in metropolitan Atlanta and the surrounding area. The company has distinguished itself as service-driven. Primarily servicing businesses in Georgia, the Company has built a reputation for being a high-service local company with competitive pricing.
The Company has over 230 clients with an average employee size of thirteen. Human Resources Outsourcing is a highly specialized segment of the HR industry that has experienced significant growth. While competition exists, few have a track record as successful as this Company.
51% of the business is operating under the ASP (Administrative Service Provider)
41% is PEO, and the remainder is "payroll only" clients.
2023 YTD Ended 6/30 - Gross Revenue - $11m, Gross Profit - $641k, Adjusted EBITDA $162k
2022 - Gross Revenue - $23m, Gross Profit - $1.1m, Adjusted EBITDA $87k
2021 - Gross Revenue -$23m, Gross Profit - $1.1m, Adjusted EBITDA of $477k
2020 - Gross Revenue - $21m, Gross Profit - $1.1m, Adjusted EBITDA of $302k
Reason for Selling:
The Company owns office space in metro Atlanta, GA, and rents space in a surrounding city. The Seller estimates that the combined value of the office condominiums is approximately $600k, and the Owner is willing to sell or lease both locations. An independent third-party appraisal will determine the final purchase price of the real estate. Both locations rent at the market rate. The owner would also consider entering into a lease with the buyer of the business.
Support and Training
Retirement. The Seller is willing to remain with the Company for a reasonable salary with terms and conditions agreed upon for up to a year. They will assist with the transition and training, ensuring the Company's future success. While the owner is currently involved with day-to-day operations, he has progressively trained and handed over responsibilities to various employees.
Broker Contact Information
- Seth McCormick
- Texas - Richardson
- (469) 782-4858 Mobile
- Keller Williams Central 75
- Texas - Richardson
- By Appointment Only
- 501 W President George Bush Hwy, #125
- Richardson, Texas 75080
- Real Estate Broker: Keller Williams Central 75