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HR & Payroll Software (HR - SAAS) Business For Sale
Location South Africa
Asking Price Range $1.0M - $2.5M
Gross Revenues $75000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 6 - 9
Inventory 1000000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Full training & support provided to new owners. Existing experienced and qualified staff to remain in place.
Reason for Sale Seller looking to focus on other software company offering Enterprise Solutions (not involved in SA SME market).
Description Unique Business & Pricing Model - This Company developed one of the first successful Human Resource & Payroll systems in South Africa to be offered and implemented as Software as a Service (HR-SaaS). Increasing Clients Adoption - By providing a low cost, easy to use, fast and reliable on-line process, this Company has helped transform the way human resources can be managed by truly empowering HR departments and the entire workforce. Key Benefits for Clients - This Company's HR-SaaS is really quick and simple to set up, low cost, minimal training is required, and available 24/7 across their clients businesses and can be accessed from any location. Target market - 234,000 (The potential SA SME market is approximately 1 519 545) SA Market Progress - The Company has concluded an agreement with a leading SA Bank to provide the HR & Payroll SaaS functionality to this bank's clients through their small Business portal. The association with this bank has the potential for the Company to access approximately 180 000 bank clients. International Business Interest - The Company has received a lot of interest in their HR&Payroll - SaaS solution from International distributors. Overseas Market Success - Progress has been made in the North American arena where this Company is about to conclude a distribution agreement with a company situated in Toronto-Canada which will cover both the Canadian and American markets through direct marketing to clients and the establishment of a distribution network. Taking ownership of this South African Company at low investment, presents a rare opportunity for the new Business Owners of this company, to capture the SA market and have the opportunity to distribute the software internationally and earn desirable hard foreign currency. Asking Price R12m - Financially qualified Buyers welcome to contact Buzz Friday on tel 082 424 9190 (South Africa)
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