SMME HR & Payroll Software

Price : R 9,500,000
Listing Type : HR & Payroll
Location : Johannesburg
Ref No. : 2545
Year Established : 1998
No. of employees : 6
Trading Hours : 08h30 - 17h00
Turnover : R 294 477 pm
Cost of Sales : R 6 462 pm
Expenses : R 153 277 pm
Net Profit : R 134 737 pm
Asset Value : R 15 000 000

An opportunity to purchase a well-established HR and Payroll software company with two core products for small, medium, and large enterprises and a particular focus on the SMME and corporate market. The business has stood the test of time and has been in operation for more than 24-years. The business has grown from strength to strength as the owners have made significant investment in developing their two world class products which pay dividends as the company now has a solid client base with a substantial annuity income.

The business provides easy to use and affordable software solutions with extensive functionality and developed to enable each customer to adapt the software to suit their own unique operating environment. The business provides cloud-based solutions and thus reduces server requirements and overall costs thereby allowing easy and secured access throughout the client’s companies. The business is rich in intellectual property and has developed many other software solutions that could be launched into their respective markets. The business provides a seamless human resource and payroll solution, access to information, data analysis and informed decision making, improved communication, risk mitigation, security, and disaster recovery.

Their software also assists in improving efficiency of administration and regulatory compliance such as protection of personal information. The asking price is R9 500 000 with an average monthly turnover of R294 477,25, average monthly expenses of R153 277,75 and an average monthly net profit of R134 737,08 after the owner’s drawings.

Due Diligence