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Listing ID: 838 Total Viewed: 3

Prestigious Cloud Accounting Firm For Sale (Sold)

Central Area, Singapore

Asking Price : SGD1M - 5M

Revenue: SGD50K - 100K

Cash Flow: SGD200K - 500K

Payable: Not Disclosed

Established: 2010

Gross Profit: SGD500K-1M

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: SGD20K - 50K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 10

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason To Sell
Change
Business Description
An opportunity exists to break into the lucrative Singapore market via a 50-100% acquisition of a local cloud accounting firm.

Strong cash flows and brand positioning. Ideal purchase for a foreign company looking to get a foothold into Asia. Or a foreign businessman relocating with a family to Singapore.

Established in 2010, the firm boasts four years operating history and meets all regulatory requirements to run an accounting and compliance practice.

The firm offers affordable incorporation, cloud bookkeeping, corporate secretarial and taxation, to entrepreneurs with big ambitions.

 

Particulars

Business Location: Singapore CBD

Premise Details: Lease till 2015. Plenty of room for expansion.

Team size: 10 persons

Client base. Over 400 well recognized clients

Competition: A healthy number of smaller players have entered the market and validated the category since the company formation. The firm's direct competitor was acquired in 2013.

Expansion Potential: Modest margin of growth in Singapore. Growth projections for Hong Kong market are 30-40%.
Business Operations
Business Hour:
9-5
Preferred Skills:
Accounting or compliance
Supporting and Training:
Consultants and advisers in place.
Staff:
10 Local
Property Information
Premise Status:
Rent
Rental Fee:
SGD0
Lease Term:
Lease till 2015.
Premises Detai:
Plenty of room for expansion.
Home Base:
Yes, it can work at home
Other Information
Competition:
A healthy number of smaller players have entered the market and validated the category since the company formation. The firm's direct competitor was acquired in 2013.
Expansion Potential:
Modest margin of growth in Singapore. Growth projections for Hong Kong market are 30-40%.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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