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Asking Price : $3,300,000

Annual Gross Revenue : $3,675,710

Annual Net Profit : $1,165,810

Profit Multiple : x2.83

Inventory Value: -

R-Index : 131

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From the Broker

For sale is an online marketplace that connects consumers with American writers for custom writing, editing, and business documents. All work is produced by exceptionally qualified American freelance writers.

Through its website and mobile applications, the business has a staff of more than 2,000 writers with customers in over 50 countries — the company is the global leader in connecting consumers with writers for consumer writing services.

The company has seen continual growth over the last 5-years. In the last 2-years, net revenue in 2016 was $3.3 million, and the company is targeted to end 2017 with a $3.6 million net revenue.

The business has a unique distinction of being 100 percent US-based; it never outsources work to writers overseas. With every order, the consumer in need of writing services can depend upon their project being delivered on time, plagiarism free, with free revisions, 24/7 support, and created by hand-picked, world-class writers.

The business developed with a globally scalable business model in mind and built-out infrastructure for growth. The business has all of the technical, logistical, and operational requirements of a company that can handle upwards of $15 million inbusiness per year. The additional increase of each $1 million in annual business adds marginal cost other than fixed labor.

The business is also a scalable international business model in that customers from around the world require talented American writers. Clients come from South Korea, Saudi Arabia, England, and just about anywhere else. The business doesn’t need language adaptations or complex business logic changes to capitalize on global growth. Most colleges and universities around the world teach American English as a required second language. Because the service is delivered via the Internet, scaling requires buying more computers, not laying down bricks. Its marketplace business model relies upon writers being independent contractors, not employees.

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Sale Pending: No

First Seen: Mon, Apr 30th 2018

Last Updated: Tue, Aug 28th 2018


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