Leading Payroll and HCM Provider with Loyal Recurring Client Base
Listing: #PAE00330Gary Varney, CPA, CMA (Inactive)
Broker | Pennsylvania East
About this Business for sale in Mid-Atlantic States
Leading Payroll and HCM Provider with Loyal Recurring Client BaseThis growing and profitable Payroll and Human Capital Management (HCM) provider is among the largest regional bureaus in the US. During its over thirty years in business, the Company has delighted its impressive, loyal customer base with outstanding service. The Company configures payroll and HCM systems to meet specific client needs and offers industry-leading on-boarding and training, resulting in a customer retention rate of over 91%. Offering a growing number of services, this valued partner continues to grow by adding new services for its client base. In addition, the Company enjoys a steady stream of new clients based on its reputation, referrals from existing clients and business professionals, and the efforts of its talented sales and marketing team.
The Company focuses on small-to-midsize businesses with a sweet spot of employee bases between ten and over 500. Larger providers have historically disappointed this target market with less than adequate service. Companies of this size are likely to utilize many of the modules the platform has to offer, and to desire a collaborative, long-term relationship with a provider. The Company’s expert team of HR professionals allows it to effectively partner with companies of all sizes, and in all industries, while tailoring guidance and services to meet each customer's unique needs. The long-term customer relationships continue to grow as the Company continues to add new services, and the Company’s average revenue per client is among the highest in the industry. The Company services its vast customer base with direct access to its experienced payroll, benefits, tax, and time and attendance experts who assist with issues ranging from the simplest to the most complicated.
The company has a long-term, dedicated, knowledgeable employee base, and a leadership team with an average tenure of twenty years.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.