Business Overview
About the Company
**Business Description**
Payroll\-Bookkeeping\-Tax\-Insurance Services Established in 2005
This business provides administrative services with a unique "All\-In\-One" concept specifically tailored for Hispanic subcontractors in Florida, who are involved in over 90% of the state's construction work\. Many of these subcontractors face language barriers and are underrepresented when it comes to managing their businesses\. We offer the administrative support they need to meet industry insurance requirements\. As a bilingual company, we cater to the Hispanic community and offer crucial representation for their contractors\. Our client base is incredibly loyal, with some clients having been with us since 2005\. Our growth has been driven by word\-of\-mouth referrals year after year\.
In addition to our bookkeeping services, we also handle insurance audit reconciliation, which is now mandatory for all commercial general liability and workers' compensation policies in Florida\. Our team includes two degreed accounting majors on the payroll side and two licensed customer service representatives on the insurance side, all managed by a principal general agent\.
Subcontractors typically rely on separate providers for bookkeeping, tax services, commercial insurance, and payroll services like ADP or Paychex\. These services are often scattered among different vendors who don't communicate with each other, leading to inefficiencies\. Most agencies simply sell insurance policies and have little contact with clients until audits come up during renewal\. Commercial insurance premiums are often underestimated, leading to significant imbalances at audit time\. Our "All\-In\-One" concept manages these risks holistically, ensuring all processes are aligned and avoiding any "surprises\." Few companies offer this service, but we have been pioneers in this field\.
Note: This is a turnkey operation with staff committed to staying on board\. Our success is driven by an incentive\-based structure, and given that this niche business caters primarily to Hispanics, the new owner will need to be bilingual\. **NO BROKERS OR INSURANCE AGENCY BUYERS**\.
**Detailed Information**
- Inventory: Included in asking price
- Real Estate: Leased
- Building SF: 650
- Lease Expiration: 7/23/2026
- Furniture, Fixtures, & Equipment \(FF&E\): Included in asking price
**Facilities:** We operate out of an office complex in South Lakeland, with all the basic office equipment—computers, printers, and network connections necessary for both in\-office and remote services\. There’s plenty of parking, with one assigned spot under cover\. We experience minimal foot traffic, as most clients are out of town and rely on postal services and direct deposit for payroll deliveries\.
**Competition:** The construction market has been stable and consistent, driven by the rapid growth of residential construction, especially in Florida\. Hispanics are the primary force behind this growth\. We are one of the few bilingual firms offering comprehensive administrative services tailored for Hispanic subcontractors under one roof\. We pioneered this approach in 2015, and 95% of our growth is from client referrals\.
**Growth & Expansion:** Due to health issues, we have not kept pace with the booming construction market in Florida\. However, the business is well\-positioned to double with proactive marketing and outreach\. We are far ahead of our competition \(only two other firms in Central Florida\) because of our experience and strong reputation\. Our clients and vendors respect us for our fair treatment of all parties\. Client loyalty is unmatched, with many of our clients working in the same subdivisions and sharing our services\.
**Financing:** The business is offered at $600,000, with an attractive financing opportunity\. The seller is willing to finance $200,000, with a required deposit of $400,000\. Of this, $380,000 will be applied as the down payment, and an additional $20,000 will be held as a security deposit until closing\. Please note, the $20,000 deposit is non\-refundable if the deal does not close, ensuring that only committed buyers proceed\. The remaining balance of $200,000 is payable over 3 years at an interest rate of 8%, creating a structured and manageable payment plan\. This financing structure provides a smooth transition for the new owner to take over this highly sought\-after business\.
**Support & Training:** My staff and I will support the new owner for a full year after the business transfer\. This turnkey operation will allow ample time to observe and learn the business\. The staff intends to remain with the company at the new owner's discretion, and we are happy to train any key individuals\.
**Reason for Selling:** Ongoing health issues have led to several surgeries in recent years, prompting the decision to sell\.
