Virtual-Office Established Language Services Provider with registered offices in Asia
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For Sale

Virtual-Office Established Language Services Provider with registered offices in Asia

Listing Number:

  • 852-04-01-001

Asking Price:

  • HKD 3,900,000

Professional Services Interpretation / Translation
Location Non Specific / Multi Locations Other

Business Details

Company:

  • Yes

Current Staff:

  • 3 Full-Time Salaried
  • 5 Part-Time Salaried
  • 50 Non-Salaried (Freelance or Side Line)

Stock:

  • Not Applicable

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

Established and profitable for over 10 years, this business is an online service operated virtually and executed by a team of online workers. The business is registered in tax-effective and low-cost jurisdictions. The business is a language services provider that specializes in servicing the government and privately funded education sector and is therefore recession resistant. Long-term client relationships have been established. Services include English correction and translation of academic texts.

The brands are highly regarded in Asia and the services are used in 10 Asian countries including most of Asia's most prominent universities. Services are scalable to other regions including Europe and the Americas. The owner will provide full handover assistance, training and consultation. Processes for training operations, recruitment, marketing, customer service and order fulfillment are well documented and comprehensive. There are multiple websites and all online data uses cloud technology ensuring secure accessibility.

Apart from staff (and contractor) wages, maintenance of online resources and compliance accounting in the two countries, there are virtually no overheads. Operating in two tax effective jurisdictions, and with the low-cost virtual office, this business is suitable for owners of existing businesses offering similar services as a means to expand, or indeed, to a new business owner wishing to take on an established and profitable Asia-wide operation in a growth industry. Being online also makes it quite portable and could actually be operated anywhere (ideally) in Asia.

Potential buyers will be required to complete a standard non-disclosure agreement before any detailed information can be given, and initial meetings are envisaged to be online.