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Payroll Partners

Payroll Partners. Sara Ostergaard. Overview. Twelve-year-old company Proven niche in the region Proprietary software for transmitting payroll information Proven track record of profitability Client base of 740 companies. Our Company Niche. Our Software. Fully owned with exclusive rights

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Payroll Partners

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  1. Payroll Partners Sara Ostergaard

  2. Overview • Twelve-year-old company • Proven niche in the region • Proprietary software for transmitting payroll information • Proven track record of profitability • Client base of 740 companies

  3. Our Company Niche

  4. Our Software • Fully owned with exclusive rights • Allows customers to send data via modem • Customers use software free of charge • Software enhances per minute payroll processing revenue • Typical is $12 per minute in the industry • Ours is $1500 per minute

  5. Industry Outlook • Payroll Partners is the biggest company in this industry: • $3 billion in annual sales • 250 employees • Overall payroll processing industry is $12 billion annually • Industry projected to be $29 billion by 2008

  6. Price • Value of companies • Bookkeeping businesses (60% of annual sales) • Accountancy firms (40% of annual sales) • Value of our company: 50% of projected future sales or 75% of past annual sales • Asking price $410,000

  7. Financials

  8. What We Offer • Earn-out guarantees • Financing, if necessary • Current employee retention • Exclusive rights to proprietary software

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