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Nov 19, 2019 — The target is an established, 15-year-old online background screening Internet Company that boasts 100% Repeat Customer Rates. The business provides comprehensive background check services, including criminal, credential verification, driving records, employment, and educational reference verifications – 12 discreet lines of services are currently offered to a primarily small business demographic, with client segments including tech, executive staffing, school districts, finance, and HR services. Ticket prices vary depending on volume and searches per order, settling around a $40 average ticket value. This business is a solid built foundation ready to be scaled into other, obvious service offerings.
Operating with little to no in-house headcount, ownership currently works less than 15 hours a week to run and maintain the business. No physical office or inventory space is necessary which makes this a turn-key opportunity with very low overhead, and it can be operated anywhere in the world by literally anyone. No experience is needed in this space as current ownership is willing to train with low training time required, thanks to the tightly packed and agile platform.
Built exclusively by organically driven traffic, new ownership need only implement the most nominal paid advertising campaigns/content campaigns to genuinely set this business apart in the online background check space. HR organization sites and newsletters such as PIHRA reach over 14,000 decision makers annually and would be a quick and cost-effective scale opportunity using pay per lead banner ads, as an example. In terms of grass root marketing, networking at HR events and conferences are a great opportunity to grow the brand and drive traffic with a dedicated outbound account sales staff that will inevitably pay for themselves and then some - Currently this industry is rising at an annualized rate of 4.8% and thanks to this company’s longevity in this space, it is in a perfect position to gain incremental recognition and sales regardless where it is taken, thanks to a sterling reputation and entirely positive referral rate.
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