Cloud Solutions Provider: Innovative Payroll Services
This unique business offers an industry-leading cloud-access style Payroll Services Solution that is highly polished, user-friendly, and browser-based.
OPERATIONS
Utilizing a proprietary web-based platform, this cloud solution offers a very elastic payroll solution on a subscription basis that scales to suit the individual and Fortune 500 businesses.
There is no physical overhead and no need for working capital overall.
MARKETING AND KEY METRICS
It can be marketed with ease to any demographic, individual or business owner alike all around the world.
Growth opportunities abound in the digital space thanks to the growth of the domestic US workforce in recent years, and the continued growth in developing nations around the world continues to serve up new market share, ripe for the taking, year after year.
This payroll service has realized profitable growth since inception on an entirely organic dot com platform, ensuring recurring and reliable revenue streams with minimal labor and opex invested.
Literally any customer including individuals, small businesses, and Fortune 500s can benefit from this payroll solution.
BUSINESS MODEL & RESOURCES NEEDED
Only 1 employee.
THE INDUSTRY
The payroll service industry, having a CAGR of 5.6%, is growing rapidly, and it is expected to reach $11.02 billion by 2027.
OPPORTUNITIES TO SCALE
The online payroll services market is set to be worth $17.4bn by 2023. There is potential to scale and capture an even larger slice of the market in the years to come.
Asking Price: $895,000
Gross Income: $588,351
Cash Flow: $354,975
Year Established: 2014
Employees: 1
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