S325 - Payroll Processing Company in Texas

Payroll Processing Company in Texas

Location

City South Central Texas
State Texas
County

Financial Information

Asking Price $335,000 Show Loan Calculator
Down Payment
Annual Receipts $215,000 ('10)
Cash Flow $115,500 ('10)

General Information

Description Located in South Central Texas, this payroll service business has grown organically and steadily since 2006. Q1 ?11 revenue is up 21% from previous year. Currently the company has about 140 customers with the majority processing their payroll through a web interface. Owner works approximately 30 hours in the operation of the business from a payroll processing standpoint. The business could be relocated but would need to maintain a location in the San Antonio area. A key to the company?s success is the personal service it offers as compared to larger competitors. The business provides its clients complete payroll services (check writing, direct deposit, payroll tax payments and Federal/State returns). The company does not provide any bookkeeping or accounting services although they could be added for increased revenue. The assets are listed at the value purchased and include a Pitney Bowes envelope inserter, software, computers, etc. New buyer will need to be approved by software provider, third party tax management, and bank service provider. Owner is selling due to relocation but is willing to provide a training and transition period for new owner to become acquainted with the business and customers. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Doug Scheiding at 210-348-8989 or email at info@bbofsa.com for more information.
Reason For Sale Relocation
Franchise No
Home Based No
Relocatable Yes
Year Established
Year Acquired
Employees 1 FT (owner)

Building Information

Building Sq. Footage 800 square feet
Monthly Rent $695
Real Estate Available No

Contact Business Brokers of San Antonio for more information.