Link Business

28 Year Old POEA Manpower Agency

Listing: #OR00517

Romar Borra

Broker | Manila-Ortigas Center

Romar Borra

romar.borra@linkbusiness.ph

+63 2 7900 8000

+63 916 425 1217


About this Business for sale in Makati

28 Year Old POEA Manpower Agency

MANAGEMENT AGREEMENT

The company is an overseas manpower recruitment agency of professional & skilled workers deployment. It has been in the industry for 28 years. The POEA License is valid until 2nd Quarter of 2022 and has existing job orders and accreditation from foreign principals in the Middle East and Europe. The business owner is a family with five shareholders in the corporation. In compliance with POEA rules and regulations, there is an outstanding 1M Escrow in the bank between POEA and the business owner which included in the management agreement. The owner shall provide more details about the business during due diligence process.

The business office location is a two-storey building owned by the business owner with approximately 300 sqm. floor area and composed of the following: Lobby/Receiving area, Director’s offices, Interview Section, Processing Area, Virtual/Conference room, toilets and storage. During the pandemic, the business owner provided housing accommodation privilege to their personnel for free.

TERMS & CONDITIONS:

1.  Owner is willing to support during a proposed transition period of one year. Three office personnel who are currently employed and running the day-to-day business operation during the pandemic shall be retained. During the transition period and before the previous owner exits, one of the directors and the president shall be retained. This is to comply with POEA implementing rules and regulations.

2. The business owner shall entertain potential partners except Arab Nationals/Investors, to avoid any potential conflict of interest, considering the business has existing engagement and accreditation in the middle east.

3. The office space will be leased out including the use of computers, furniture and fixtures as stated in the proposed lease term.

Manila-Ortigas Center
romar.borra@linkbusiness.ph
+63 2 7900 8000
+63 916 425 1217

Romar Borra

Enquire Now

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.