Singapore  Singapore

Sell a Business

Listing ID: 838 Last Refreshed: 26/05/2019 Total Views: 29444

Prestigious Cloud Accounting Firm For Sale

Central Area

Asking Price: S$1M - 5M
Prestigious Cloud Accounting Firm For Sale
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue S$50K - 100K Cash Flow S$200K - 500K
  • Gross Profit S$500K-1M Net Profit S$20K - 50K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2010
  • Owner Role Part Time Staff 10
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Tony

Reason For Sale

Change

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 Operation

9-5
Business Hour
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.
Competition
Modest margin of growth in Singapore. Growth projections for Hong Kong market are 30-40%.
Expansion Potential
Consultants and advisers in place.
Supporting and Training
Accounting or compliance
Background & Skills

Property Information

Rent
Premise Status
Lease till 2015.
Lease Term
Plenty of room for expansion.
Premises Details
Yes, it can work at home
Home Base

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