New Business For Sale: 18 yr SaaS/Relocatable/Professional Development

July 14, 2020 by Steve Lukes

Steve Lukes just launched a new listing: 18 yr SaaS/Relocatable/Professional Development

18 yr SaaS/Relocatable/Professional Development
Asking: $3,000,000 • Gross: $ • Net: $650,308

Overview

This company is operated in a virtual environment.  A B2B Horizontal SaaS company providing Professional Development technology and services with 18 years in business. They provide competency assessment and development solutions that allows companies to reskill and upskill their employees. The company has strong margins that can be leveraged for expansion. The software revenue is recurring, licenses are annual and are charged per user, billed in advance. The staffing revenue is a multi-year contract and the services revenue is one-off project based.  The rolling 12 months of revenue has increased to 1.8M (update to date from May 2020)

Article about their space:  https://www.mckinsey.com/business-functions/organization/our-insights/to-emerge-stronger-from-the-covid-19-crisis-companies-should-start-reskilling-their-workforces-now

Ideal New Owner

Strategic, PE or Entrepreneur with synergistic skills and opportunities to market and grow.  Or an experienced owner who could couple the solutions with other strategic offerings within the HR space.   An entity looking to expand within the Professional Development sector and seeking a quality platform to launch their expansion. 

Growth and Expansion Opportunities

1. B2B Business Development
2. Expand SEO capabilities to drive more traffic to site
3. International expansion

Steve Lukes
Email: slukes@bizex.net
Office: (310) 882-2200 ext 164
Blog: https://www.bizex.net/blog
Web: https://www.bizex.net/business-broker/steve-lukes

Businesses for Sale