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Listing ID: 2287456

HR & Payroll Software Business For Sale

Johannesburg, Gauteng, South Africa

R 15,000,000

Revenue: R 2,700,000

Cash Flow: R 1,600,000

Business Description

The current owners started this business in 1998 as a software development company, and after extensive research into the market requirements, they have made significant investment in developing two world class HR & Payroll solutions products. The one product is uniquely developed for the Corporate market and the other created around specific SMME sector requirements. The products are developed using Open Source (OSS) platform, allowing each customer to adapt as to their own requirements, and both systems are Cloud based solutions, thus reducing server requirements and allowing easy access and roll-out throughout the company. The business has a solid customer base with substantial annuity income.

Property Details

Other Details

Business Location:

Business can be relocated or you may opt to take over the existing premises

Expansion Potential:

The opportunities for expansion are enormous, taking account of the size of the global market and the increasing need for professional people management. Take advantage of the Dollar/ Rand exchange rate by charging international clients in US$. The company has a current Level 4 BBBEE Status. Business is changing and so are the buyers, especially in this area of HR and Payroll and thus Chief Investment Officers, Operational Heads and HR managers are seeking solutions on a daily basis and making the decision to purchase and get the software installed and implemented. HR, Payroll, Human Capital Management and of course training are top of the list in all businesses whether a massive Corporate company or a small start up SSME business. An alternative source of significant income would be to sell the software to large corporates as opposed to licence it, thus saving them ongoing costs in the long term, reducing your support costs and increasing revenue substantially, yet still own the rights to the Software and Programmes. This will allow you to amortize the recoupment of the capital outlay in a short period of time.

Operation Details


8 staff

Support & Training:

Seller will remain on for an agreed period to train and hand over


Reason For Selling:

To be discussed

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