Details - Information last confirmed on June 11, 2021
This Technology SaaS company operates a virtual mail business address service across the United States. Their primary target audience are home based business owners who don’t want to use their residential address for their business mail. A secondary market consists of people for which a physical mail location doesn’t fit their lifestyle. These people include international travelers, military service members and people leading a nomadic lifestyle.
Within the United States, approximately 15 million home based business exist and 3 million new home based business are started each year. Each of these businesses is required to provide a physical mail address in order to incorporate and receive official mail from the state and federal government. The size and need of this market is enormous and largely untapped by any sizable player.
In addition to home based business, approximately 40 million Americans travel internationally each year, many for extended trips. Having access to USPS mail via mobile phones is a large and lucrative market. These international travelers include leisure travel, corporate executives working from abroad and military service members.
The ability to virtualize physical mail and handle it much like email is considered a high value service and has allowed the firm to attract almost 30,000 monthly subscribers in just a few short years.
Highlights of this business include:
-Rapidly growing and profitable
-Large total addressable market
-Low customer revenue concentration
-Strong reputation and very positive online reviews
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