The Oceans is a vacation rental and resort management company located in the Cherry Grove section of North Myrtle Beach, SC. With 10-20 employees, the company manages oceanfront and second row condos, offering vacation rentals to families, couples, and groups. The business generates revenue through condo rentals and vacation homes, with a strong local market presence. The Oceans' primary pain points include managing multiple properties, handling customer inquiries, and maintaining property standards. Implementing an Employee Benefits Program (EBP) can significantly reduce their FICA tax burden, saving them approximately $23,800 annually (20 employees × $1,190). This can be a motivating factor for the Resort Manager, who can use the savings to improve employee satisfaction and retention, thereby enhancing the overall quality of service and guest experience.
BizScore Rating: B (75/100)
See how much Oceans could save with the Employee Benefit Program