Unemployment Cost Control and Human Resource Services CompanyOffering

North East

Unemployment Cost Control and Human Resource Services CompanyOffering
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $13,300,000

EBITDA: $1,100,000

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: 1975

Unemployment Cost Control and Human Resource Services CompanyOffering

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Business Description

This Company is a national leader in offering comprehensive services for unemployment cost control, human resource, and third party administration services to small to mid-sized employers across the United States. The Company’s unemployment cost control services are custom designed to meet the client’s needs by protecting the employer from unwarranted charges and ultimately lower the client’s tax rate. The Company provides a suite of services designed to deliver an innovative, cost-effective approach to help employers reduce liabilities and costs associated with employees. In addition, the Company also provides bonded services to non - profit organizations and a suite of services designed to deliver an innovative, cost-effective approach to help employers reduce liabilities and costs associated with employees. The Company’s revenue is derived from three primary sources; bonded services (63% of 2017 revenue),unemployment cost control (32%), and human resources support (5%). The Company serves over 8,000 clients with businesses ranging in size from 50 employees to large fortune 500 companies throughout the United States and Puerto Rico.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
60
Facilities:
leased 15,000 sqft. headquarters, 2 1000 sqft. satellite locations
Competition:
This Company enjoys a long-standing (43+ years) reputation for high-quality of its responsive, professional staff that provides unsurpassed results for every client.No single customer accounted for more than 3% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single
Growth & Expansion:
The Company has developed its own unemployment cost control software used for auditing client’s unemployment insurance tax accounts. In addition, The Company has internally developed proprietary SIDES Claims Response System Software for each individual state that chose to comply with the new federal format in an effort to reduce claimant fraud. This is a major multi-million dollar software asset and continues to increase in value as more states chose to comply.
Financing:
TBD
Support & Training:
Yes, through transition period
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Frederick Zweifel

Business Listed By:
Frederick Zweifel

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe


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