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Listing Id: 838 Last Refreshed: 10/11/2020 30985 Views

Prestigious Cloud Accounting Firm For Sale

Closed
Asking Price <span class='currency'>S$</span>1M - 5M
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$50K - 100K
Gross Profit
S$50K - 100K
Net Profit
S$20K - 50K
Monthly Rentalt
S$0

Business Operations & Assets

Staff
10 Employee
Year of Incorporation
2010
Owner Role
Part Time
Premise Status
Rent
Premises Details
Plenty of room for expansion.

Business Details

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%.

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%.

Buyer Support & Terms

Support and Training

Consultants and advisers in place.

Background & Skills

Accounting or compliance
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