Profitable Caribbean HR and Payroll Services

Nassau, Bahamas

Asking Price: Annual Revenue:
$649,900 $444,314

Services: Financial, Accounting, Insurance

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RE: Profitable Caribbean HR and Payroll Services Broker: Thomas Milana
Owner Financing is Available!
Loan/Seller - Amount: $99,900 Months: 24 Rate: 8.00% Monthly Payment: $4,518.21

Quick Facts

Asking Price: $649,900
Annual Revenue: $444,314
Net Profit: Not Disclosed
Cash Flow: $262,314
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 8
BBN Listing #: 9415630
Broker Reference #: 0101915758

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Business Overview:

A profitable and well-established management firm. Providing HR and Payroll solutions for the corporate world including many American and European clients, who desire to operate within the Caribbean. Designed specifically to assist the employers within the Bahamas and at least 10 other countries. A Caribbean based business, with services that consists of about 60% Payroll (PEO & Employee Leasing) and 30% HR (Executive Recruiting, Training, Placements). The owner is seeking to retire from the industry, but will be amenable to a reasonable transition period, for a qualified buyer. There is a fully trained staff in place and a fully equipped office from which all operations are handled. A prospect should have HR and or Payroll experience. Excellent books and records, however this is NOT an American company. *All financials are in Bahamian Dollars which are currently equal to the U.S. Dollar. Please refer to listing 0101915758, business broker Thomas Milana when you inquiry about this listings.

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Property Features and Assets:

Lease/Month: $5,700; Square Footage: 1,750; Building Type: Office Space; Terms & Options: TBD; Expiration Date: 9/30/2021.

Market Competition and Expansion:

Non Compete : Miles: 100 Years: 5

Reason for Selling:

Retirement, Life commitment.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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