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Local Maid Agency In The Philippines For Sale

Philippines
Asking Price:
$1M - $5M (USD)
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

Since its foundation in 2010, the company (manpower - consulting) has consistently become the go-to maid agency of choice amongst Filipino and Expat households in the Philippines. Its President and CEO, has likewise appeared and been featured in several TV programs and magazine concerning and regarding the maid industry in the Philippines. Our vision is, has been, and will always be to professionalize the local maid industry and proudly, the company has taken the lead in initiating programs and processes aimed at achieving this vision.

The company is overwhelmed with how much the company has grown from its inception 13 years ago in Mandaue City, Cebu Philippines, and now with 3 full-service offices (Cebu, Manila, and Davao) and four recruitment hubs in key cities across the country: Dumaguete, Bacolod, and Iloilo.. This business model and strategy has led us to grow organically and become the leader in providing provincial maids thus giving our clients more choices and better selections.

Whilst we are humbled by the constant offers and interests from certain prospective investors, our goal is to hand over the business to someone who is into manpower or is passionate about manpower consulting business to better maximize the full potential of the company. Someone who would seriously consider opening an international manpower agency to deploy housemaids and other skilled and industry workers to the Middle East, to some parts of Asia, and the rest of the globe. With this strategy, the new owner will be able to fully maximize the potential revenue. By diversifying into the international manpower agency business, the new owner will be able to tap applicants already in its pool and endorse them to the "international manpower" business. With this model, the risks are lower and the ROI is much faster since the current company is now self-liquidating when it comes to revenues plus the huge income potential of an international agency.

The President and CEO are willing to provide comprehensive training both in-person and online. He can likewise be retained as President and CEO for a maximum of one year as part of the transition if and when deemed necessary by the new owner.

The company is proud to enjoy more than sixty percent as net revenue from its sales income and is proudly 100 percent debt-free as of December 31, 2022, brought about by the overall prudent fiscal management.

PART OF THE SALE:

A 2-bedroom condo within 1-2minute walk from Cebu AYALA Business Park, right beside Landers in Cebu, very near Holiday Inn, soon-to-open Sofitel Hotel (5-star hotel). This condo unit is scheduled for turnover by the 2nd or 3rd quarter of 2024 and it will be paid CASH by the owner. It can be used as residential (Work From Home) or you can have it rented. It is 79 square meters with 2 bedrooms, 1 maid's room and 2 bathrooms. It comes with 1 dedicated parking slot too. The current developer's price is USD 409, 000 (based on an exchange rate of 55 pesos to 1 USD).
a Reason for Selling

The business is growing fast and the management deems it best to bring in more people with different skills to run and grow the business. Especially with the priority blueprint of expanding overseas. The BOD, a husband and wife tandem, with utmost humility, could not anymore do it by themselves. However, the potential investor may or may not fully acquire the business. The management is very open to anything whether to sell the minority, majority, or full stakes of the business. The couple is likewise migrating abroad.

Property Information

Real Estate:

Lease

Living Accommodation:

Part of the sale is a 2-bedroom condominium (79 square meters) located on the premium 36th floor of the building. Expected turnover date is 2nd or 3rd quarter of 2024 so expectedly, the unit is 100% new and unoccupied upon purchase of the business. It also comes with 1 dedicated parking slot (separately bought by the owner). The building is located within CEBU AYALA BUSINESS PARK. Current developer's price in USD is 409, 000.

Business Operation

Expansion Potential:

New owner may leverage the business' reach and potential by expanding the business to overseas market (international placement)

Reasons for selling:

Migrating overseas

Employees:
10
Years established:
2010

Other Information

Support & training:

Current owner offers free 3-month hybrid training and is likewise willing to retain the position as President and CEO to ensure smooth transition to a maximum of 1 year.