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Listing Id: 14385 Last Refreshed: 19/09/2020 Total Views: 14290

(Sold) Recruitment Agency Business For Sale ! $48K

Central AreaRecruitment Agencies
Asking Price: Under S$50K
Business For Takeover
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  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Liability N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff N/A
  • Established N/A Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Peter Wan Dream Centre Business Brokerage Pte Ltd

Reason For Sale

Owner has other business commitments

Description

Comprehensive recruitment agency for sale!
πŸ’½ About 18 years establishment
πŸ’½ EA Licence : Comprehensive
πŸ’½ Record :
πŸ‘‰πŸΌ No demerit points from MOM
πŸ’½ A comprehensive licensed recruitment agency that deals with the following:
πŸ‘‰πŸΌ Recruitment Management Software/ Popular Cloud-based HR Administration + Payroll App / Monster subscription/ Job portal ads/ IT Equipment/ Furniture / Fixtures and Inventory)
1. International/ Foreign Recruitment: EP, S-Pass and Work permit
2. Local Placement & Executive Search
3. Temporary/Permanent Placement
4. Contract & Temp Staffing
5. Payroll Services
πŸ’½ The following are included in the takeover:
πŸ‘‰πŸΌ All clientele
πŸ‘‰πŸΌ Complete office equipment and furnishings in a fully equipped office in central area (very near an MRT station)
πŸ‘‰πŸΌ Take over of Facebook page and website, including email accounts.
πŸ‘‰πŸΌ Candidates' database + Overseas partner network
πŸ’½ Business Hour:
9 am - 6pm
πŸ’½ Revenue:
πŸ‘‰πŸΌ Past few years not making money (because owner often busy with other businesses overseas & thus no time to manage the local business)
πŸ‘‰πŸΌ Past 6 months account in black (about $1,000 nett profit) as owner took some effort to manage the business
πŸ’½ Staff:
πŸ‘‰πŸΌ 1 Accountant cum HR & Admin (yet to confirm whether to remain if new boss takes over the firm)
πŸ‘‰πŸΌ 1 freelance recruiter
πŸ’½ Data :
πŸ‘‰πŸΌ All Clients
πŸ‘‰πŸΌ Marketing Database of over 2000 leads
πŸ‘‰πŸΌ Existing payroll parking
πŸ‘‰πŸΌ All existing orders
πŸ‘‰πŸΌ Payroll parking marketing video
πŸ‘‰πŸΌ Candidate database
πŸ’½ Office rent per month: $3,231.00 before GST
πŸ‘‰πŸΌ Rent expiry date: 31 March 2019 (renewable up to June 2020)
πŸ’½ Owner's Role: Part-time
πŸ’½ Reason to sell: Owner focusing on overseas business
πŸ’½ Sale price $50K NEGOTIABLE.
Including :
πŸ‘‰πŸΌ Assets after depreciation - $48,000. Non depreciated value is over $150,000
πŸ‘‰πŸΌ β€œJustlogin” (software) about $40,000
πŸ‘‰πŸΌ β€œDM Recruitment management
(software about $20,000)
πŸ‘‰πŸΌ Fixed Assets like chairs, tables, computers, etc
πŸ’½ Sale price excluding rental deposit
πŸ’½ This biz is suitable for entrepreneurs who want to start an Employment Agency
πŸ’½ The company has almost ceased operations except for several contract staffing monthly billables of about $900+

Property Information

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