All prices in USD
Other Listing
URL:
Hidden
Market:
Hidden
Last 12 Months Revenue:
$831,000
Location:
Hidden
Age:
4 Years
Last Month Revenue:
$65,000
Deal Type:
Hidden
Team Size:
Hidden
Customers:
Hidden
$2MM - $5MM
Summary
Technology
Competitors
Scalable, fixed-fee recruiting platform for startups with $1.2m in revenues in 2022 We have the best uber-style headhunters in the world using the best tech tools and processes to run efficient recruiting campaigns for startups. Highlights: - Bootstrapped to $1.2m revenues in 2022. - Scalable to 100,000 potential startup customers and much higher revenues quickly with low fixed costs of $45k per month. - Business, pricing and delivery model carefully optimized over 4 years - >300 startup customers on 6 continents. - Dedicated team serving customers in North America, Europe, and APAC. Strong leadership obsessed with quality and customer satisfaction. Business model and pricing: B2B, fixed-fee recruiting for startups from $3900 to $15000 per hire (including a small advance to start each search e.g. $1500). The business maintains low fixed costs and scales profitably (>42% gross margin) as it employs recruiters on an Uber-style, freelance basis. The recruiters make money when they complete successful projects. They do not cost the business money if they are unproductive. Customers have been acquired at <$700 each historically, with a lifetime value of approx $12k each. Customer acquisition costs are easily covered by the first advance invoice to a customer of at least $1500. This makes onboarding new customers profitable from day 1. Growth opportunity: Addressable market of 100,000 startups, globally, 75% of which are in the United States. Winning 11000 startup customers with a B2B sales team supported with good marketing will yield $51m in revenues, annually. Key assets: Brand Marketing materials Customers Website and domain Social media accounts 70-page guide and processes detailing how we deliver and guarantee each recruiting project. Website optimised for SEO and content marketing Strong leadership obsessed with quality and customer satisfaction 4 years of customer data and 11k contacts saved in CRM, Hubspot. Valuation: 2022 revenues (1.2m) The business has the same gross margins and scalability as SaaS solutions that also sell to startups. Higher margins and scalability than standard service businesses or typical agencies in recruiting. In a tight startup market, the business is currently focused mainly on serving existing and repeat customers. Revenues can be increased significantly with moderate spending on marketing and B2B sales staff, especially as markets start to rebound for early-stage startups. Revenues in H2 2023 expected to be higher than H1
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Last 12 Months
Revenue:
$831,000
Profit:
$35,000
Last Month
Revenue:
$65,000
Profit:
Primary Currency
Sales:
USD
Expenses:
USD
Accounting
Software:
Quickbooks
Book Status:
Current
Sales
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