Listing ID: 200880
Location: Georgia
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. _x000D__x000D_
_x000D__x000D_
• 225+ Employer Clients_x000D__x000D_
• Over 3,000 employees are paid regularly_x000D__x000D_
• High touch, high service client service model_x000D__x000D_
• 14 knowledgeable employees. Most have been with the_x000D__x000D_
Company for over five years_x000D__x000D_
• $1m in reoccurring revenue_x000D__x000D_
• Average client size is between 11 and 13 employees_x000D__x000D_
_x000D__x000D_
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._x000D__x000D_
_x000D__x000D_
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. _x000D__x000D_
_x000D__x000D_
51% of the business is operating under the ASP (Administrative Service Provider) _x000D__x000D_
41% is PEO, and the remainder is "payroll only" clients. _x000D__x000D_
_x000D__x000D_
2023 YTD Ended 6/30 - Gross Revenue - $11m, Gross Profit - $641k, Adjusted EBITDA $162k_x000D__x000D_
2022 - Gross Revenue - $23m, Gross Profit - $1.1m, Adjusted EBITDA $87k_x000D__x000D_
2021 - Gross Revenue -$23m, Gross Profit - $1.1m, Adjusted EBITDA of $477k_x000D__x000D_
2020 - Gross Revenue - $21m, Gross Profit - $1.1m, Adjusted EBITDA of $302k
Retirement
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.
Retirement. The Seller is willing to remain with the Company for a_x000D__x000D_
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._x000D__x000D_
_x000D__x000D_
While the owner is currently involved with day-to-day operations, he has progressively trained and handed over responsibilities to various employees.
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. _x000D__x000D_
_x000D__x000D_
• 225+ Employer Clients_x000D__x000D_
• Over 3,000 employees are paid regularly_x000D__x000D_
• High touch, high service client service model_x000D__x000D_
• 14 knowledgeable employees. Most have been with the_x000D__x000D_
Company for over five years_x000D__x000D_
• $1m in reoccurring revenue_x000D__x000D_
• Average client size is between 11 and 13 employees_x000D__x000D_
_x000D__x000D_
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._x000D__x000D_
_x000D__x000D_
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. _x000D__x000D_
_x000D__x000D_
51% of the business is operating under the ASP (Administrative Service Provider) _x000D__x000D_
41% is PEO, and the remainder is "payroll only" clients. _x000D__x000D_
_x000D__x000D_
2023 YTD Ended 6/30 - Gross Revenue - $11m, Gross Profit - $641k, Adjusted EBITDA $162k_x000D__x000D_
2022 - Gross Revenue - $23m, Gross Profit - $1.1m, Adjusted EBITDA $87k_x000D__x000D_
2021 - Gross Revenue -$23m, Gross Profit - $1.1m, Adjusted EBITDA of $477k_x000D__x000D_
2020 - Gross Revenue - $21m, Gross Profit - $1.1m, Adjusted EBITDA of $302k
Retirement
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.
Retirement. The Seller is willing to remain with the Company for a_x000D__x000D_
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._x000D__x000D_
_x000D__x000D_
While the owner is currently involved with day-to-day operations, he has progressively trained and handed over responsibilities to various employees.