(Sold) $190K !!- Employment Agency Business For Sale!

Employment Agency business for sale
💽 About 17 years establishment
💽 EA Licence : Comprehensive
💽 No demerit points from MOM.
💽 Services provided :
1. International/ Foreign Recruitment: EP, S-Pass and Work permit. Large overseas partner network
2. Local Placement & Executive Search
3. Temporary/Permanent Placement
4. Contract & Temp Staffing
5. Payroll Administration and Payroll Parking Services
6. Student Placement and Administration Services
7. Background Screening Services / Reference Check
8. Outplacement Services
9. Personality Profiling / Psychometric Assessment
10. Declaration of Business Activity
💽 Business Hour:
9 am - 6 pm
Supporting and Training:
Provided by senior recruiters
💽 Revenue: not making money (because of bad leadership but if you can find a good manager/ the business can be up and running again.
💽 Recently got a confirmation from a large US MNC that they will refer 42 of their clients to us for manpower sourcing because the recruitment agency did an excellent job handling their payroll/HR admin outsourcing).
💽 Revenue:
Revenue till end Oct 2016: $2,506,584.66
💽 Fixed Assets:
approx.$64,470.84
💽 Staff:
* Local Full-time Consultants : 5
* Local Associate Consultants : 6
* Foreign Consultants : 4
* Local other staff : 2
* Foreign other staff : 3
💽 Staff Profile :
* All Clients
Marketing Database of over 2000 leads
* Existing payroll parking
* All existing orders
payroll parking marketing video
* Candidates database
💽 Office rent per month: $3,231.00 before GST
* Rent expiry date: 31 March 2019
💽 Owner's Role: Part-time
💽 Reason To Sell: Owner focusing on overseas business
💽 Sale price $190K (NEGOTIABLE) inclusive of :
- $19K (rental deposit)
- $40K (banker's guarantee as required by MOM)
- $80K (book value of assets)