Listing Id: 838
Total Views: 30917
(Sold) Prestigious Cloud Accounting Firm For Sale
Central Area
Date Closed: 10/10/2014
Asking Price: S$1M - 5M
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$0
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Rental Desposit
N/A
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Revenue
S$50K - 100K
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Liability
N/A
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Gross Profit
S$50K - 100K
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Net Profit
S$20K - 50K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Part Time
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Staff
10
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Established
2010
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Source
Direct Seller
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
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.
Support and Training
Accounting or compliance
Background & Skills
Property Information
Lease till 2015.
Lease Term
Plenty of room for expansion.
Premises Details
Yes, it can work at home
Home Base
Singapore