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Listing ID: 3168141

Highly Profitable Recruitment Agency in Dubai For Sale

Dubai, United Arab Emirates

AED 1m to 5m

(Furniture / Fixtures and Inventory / Stock included)

Revenue: AED 500k to 1m

Cash Flow: AED 500k to 1m

Business Description

Selling a highly profitable recruitment firm performing at around 75-80% net profitability.
We've been leading a pretty much "recession proof" niche market for the past 10 years where our average fee is around 80,000 AED (for a single placement)

This is an agency that runs pretty much by itself with a manager already in place (who's doing an amazing job!).
We are licensed in the UAE as a "recruitment consultancy". Client contacts are updated regularly and we have over 100+ valid / high-value contracts in place.
Our database includes some of the rarest candidates in the market place, with each vacancy having kept the list of shortlisted candidates for future use.

Since we specialize in a niche market, client acquisition is a fairly easy process, despite the economical climate.
Demand for candidates in this niche is far greater than supply and our fees are high for each placement.

As a competitive advantage and to ensure the company remains lean in terms of cost, we have developed a proven turnkey business development process that eliminates 90% of usual cold calling. On top of that, we also have a "call center" focusing on pure lead generation working from abroad and calling from a UAE (Dubai based) Number.
As you will guess from our yearly OPEX, the call center is operating at an extremely low cost, and our BD process is very easy to learn. (Our only requirement is that the people working with us must have a great English and some sales experience)

Growing the sales team can lead to expanding the business to new markets at an extremely low cost (and a lot of flexibility and modularity.)
Headhunting efforts are done by a growing and stable team of experienced recruiters working from home.
All have been with us for 1 to 3 years already and have access to the CRM / Database.

***2018 figures:***
- Sales: AED 448,182.90
- OPEX per year: AED 49,710 _(Not inc. commissions)_

***2019 figures:***
- Sales so far: AED 467,600.34 _(updated in Nov 2019)_
- OPEX per year: AED 49,710 _(Not inc. commissions)_
- SalesPipeline until the end of 2019: AED 300K _(updated in Nov 2019)_
- Current Cash: 50,000 (Dividends were paid to the owner)

***Current Coms structure:***
- 5,000 per placement for recruiters
- 45% for account managers _(generating the vacancy and filling it all by themselves)_

***IMPORTANT:***
3 years ago, the owner converted it into a lean / low cost business (49K of cost per year) that has been operating from home legally.
The company can be reverted into an office based business anytime if buyer wishes to.

Right now, we have none of the heavy costs from other recruitment firms (office rent, salaries and NO MONTHLY COSTS...etc.) and we are profitable from the first placement! We currently have a network of long-term, trained and reliable freelancers operating from home, all of them outstanding female recruiters having been with us between 1 to 3 years.

Finally, the business is well running and busy, so we currently have a sales pipeline of at least AED 300K over the next 60 days.

Property Details

Years Established:

2010

Other Details

Expansion Potential:

Great expansion potential. Someone who could work 10 to 15 hours per week on the business could easily generate 3 times the profit. (Happy to prove that)

Operation Details

Employees:

7

Trading Hours:

8 am to 6 pm

Support & Training:

Largely provided.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Payment option: To ensure a smooth transition, an initial sum can be agreed upon, along with a 50% profit on each placement until the full payment is done. Alternatively, a more competitive one-time payment can be discussed.

Reason For Selling:

Owner relocating.

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