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Recruitment Agency for Sale in Bangalore, India

Company providing training services for merchant navy with a network of 10-15 shipping companies.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 20 - 30 thousand
Run Rate Sales USD 14.2 thousand
EBITDA Margin 30 - 40 %
Industries Recruitment Agencies
Locations  Bangalore
Local Time 8:34 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 119 thousand (Native Currency: INR 10,000,000)
Reason: The owner is running out of funds for the setup of offline office infrastructure including monthly m... View More
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Business Overview
- We provide comprehensive services such as pre-sea training, certification, and placement assistance.
- The company is positioned for significant growth of about 10 times the current revenue if the right efforts are put in, driven by the rising demand for skilled seafarers in the global shipping and cruise industries.
- We operate with Directorate General of Shipping (DGS) approval from the central government, face minimal competition in the southern region, and offer chargeable placements.
- Our key revenue source is from providing end-to-end training services, covering engineering, technical, non-technical, and hospitality courses with fees averaging INR 3.5 lakh per course.
- The training ranges anywhere between 4 months to 1 year in duration.
- Currently, we have already placed 2-3 candidates and are working with 10-12 more.
- India's expanding maritime sector, along with government support for maritime training, offers access to a vast pool of job seekers.
- The company consults for training in the merchant navy, collaborates with DGS-approved universities, and visits campuses to raise awareness about the merchant navy.
- Company has received a 4.7-star rating from over 200 reviews and operates systematically across India.
- They engage with 4-5 campuses, assisting students with passport applications, medical tests, campus training, and placement.
- A network of 10-15 shipping companies regularly sends job requirements, which are matched with trained students.
- Revenue has dropped this year since the owner was not able to fund its growth and is looking to sell it off.
- Enhancing its digital presence and forming partnerships with shipping companies and cruise lines will further extend its reach and promote sustainable growth.
Products & Services Overview
- The business's top-selling services include pre-sea training, certification, and placement assistance for jobs in the merchant navy including engineering, technical, non-technical, and hospitality roles.
- Primary revenue for the company is from the training that is offered in colleges.
- These services are primarily used by aspiring seafarers, including recent graduates and job seekers looking to enter the maritime industry.
Assets Overview
The company has no tangible assets as such.
Intangibles include all digital assets, track record data, B2B clients data, and target audience database.
Facilities Overview
- We mostly operate on a remote basis.
- We rent a Co-working space with digital assets for a rent of around INR 10,000 - 15,000 per seat depending on the requirement.
- Mainly use it to meet with clients.
Capitalization Overview
The company is bootstrapped with one owner.
There are no loans and liabilities as a part of the company.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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