Hard to Find Caribbean Payroll Solutions Firm

Nassau, Bahamas

Asking Price: Annual Revenue:
$1,300,000 $778,101

Services: Business & Office Services

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RE: Hard to Find Caribbean Payroll Solutions Firm Broker: Thom Milana
Owner Financing is Available!
Loan/Seller - Amount: $390,000; Months: 36; Rate: 7.00% Monthly Payment: $12,042.07.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $778,101
Net Profit: Not Disclosed
Cash Flow: $436,995
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 9
BBN Listing #: 877630
Broker Reference #: 0101541947

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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 14 other countries. A Caribbean based business with services that consists of about 85% Payroll Services (PEO & Employee Leasing, Managed Payroll) and 15% Human Resources (HR Management & Consulting). 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. 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 lisitng 0101541947, business broker Thom Milana when you inquire about this listing.

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Property Features and Assets:

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

Market Competition and Expansion:

Non Compete : Miles: 100 Years: 5

Reason for Selling:

Retirement, lIfe Commitments.

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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