15-Year-Old Background Check Services Company with 100% Repeat Customer Rate
This is a 15-year-old online background screening company that specializes in providing comprehensive background check services to small businesses. With 100% repeat customer rates, the business offers 12 lines of discreet services, including criminal, credential verification, driving records, employment, and educational verification. The average ticket value is around $40, and the business is in an excellent position to be scaled into other service offerings.
OPERATIONS
The online background check company is built on an organically driven traffic model and operates with little to no in-house headcount. The current owner works less than 15 hours per week, and no physical office or inventory space is required, making this a turn-key opportunity with low overhead.
No physical inventory space is required by the business as it operates on software. The business can be operated from anywhere in the world with no experience required.
MARKETING AND KEY METRICS
The company can benefit from nominal paid advertising campaigns and content, targeting HR organization newsletters such as PIHRA with pay-per-lead banner ads. Networking at HR events and conferences can also serve as a grass-roots way to grow the brand.
The business currently serves a small business demographic and can benefit from outbound account sales staff. The owner can network and build interest and awareness at HR events and conferences to enhance the brand.
The business has a solid foundation and sterling reputation, thanks to a 100% customer repeat rate. The annualized growth rate of the industry is currently 4.8%, and the business has a low overhead cost model, making it an attractive opportunity for those looking to invest.
The business primarily serves small businesses in different industries, including tech, finance, school districts, executive staffing, and HR services.
BUSINESS MODEL & RESOURCES NEEDED
The business operates with little to no in-house headcount, and the owner is willing to provide training, which requires very little time as the platform is agile and tightly packed.
THE INDUSTRY
The online background check services industry plays a vital role in verifying information about individuals that businesses, government agencies, and other organizations seek to hire or work with. The industry has seen steady growth in recent years and is currently rising at an annualized rate of 4.8%. Demand for industry service is high, thanks to greater public awareness of the need for background checks. Companies such as Intellicorp, Sterling Talent Solutions, and Accurate Background are some of the business players in this industry.
OPPORTUNITIES TO SCALE
This business built on an organically driven traffic model can benefit from nominal paid advertising campaigns and content. There is a solid foundation in place, making it an ideal turn-key opportunity for prospective buyers. With a solid brand name and reputation, there are excellent opportunities to expand into other service offerings such as offering screening solutions for the healthcare industry.
Asking Price: $180,000
Gross Income: $138,504
Cash Flow: $79,987
Year Established: 2000
Employees: 1
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