Profitable recruitment services business with 6 years of stellar history for sale. Rare opportunity to buy over a profitable business with ready customers, all necessary infrastructure and existing owner support for 6 months.
Why this is a good investment:
1) Recruitment services is a high margin and relatively low cost business. Singapore has very low unemployment rate and therefore companies are willing to pay to get the necessary talent.
2) The Company has built a foundation of loyal clients in diverse industries (IT, Financial Institutions, FMCG, Engineering, Oil & Gas, etc). These clients will be introduced to the new owner.
3) The Company has accumulated an internal candidate database of more than 28,000 candidates (as of 1 Apr 2014). This means orders can be filled quickly and efficiently.
4) The Company has built a strong internal IT system that consists of an intranet and CRM systems for both Customers and Candidates. This is a proprietary system which greatly increases the competitiveness of the Company.
5) The Company has incorporated a customised IT solutions to aid seamless work flow process, beginning from the addition of a new client or candidate, to a well documented audit trail for both customers' and candidates' activity. There is even a customised payroll system catering to candidates outsourced to client's companies. So there is no need to purchase expensive software or systems.
6) The Company has the necessary platforms and processes in place to expand aggressively. What it is lacking is the people.... i.e. the new owner. (Current partners are slowing down to spend more time with their families.)