9-Year B2B Employee Screening Firm: 99% Customer Retention, Government and Commercial Healthcare Clients
The online employee screening company is a leading vendor providing backgrounds of different individuals like criminal records, employment verification, driving records, credit reports, and more. This nine-year-old company has more than 99% customer retention and caters to commercial, healthcare and government sectors.
OPERATIONS
The company is equipped with advanced software tools and a comprehensive network of resources to deliver a seamless employee screening experience for customers. It employs a team of contractors to carry out record checks in jurisdictions that do not maintain their records available online.
The company is 100% virtual and relocatable.
MARKETING AND KEY METRICS
The company boasts a broad customer base with contracts from commercial sectors and government organizations. It has specialized programs for screening personnel in contract security, health care, hospitality and gaming facilities.
Commercial clients are on a month-to-month basis, while all government contracts are multi-year and have been renewed at every re-compete. The company receives a high volume of referrals from existing customers.
The company has 7 government contracts and 80 commercial contracts with a 99% customer retention rate. Over the past 12 months, approximately 50% of revenue came from multi-year government contracts, while 37% came from eldercare businesses, with the rest coming from other commercial clients.
The company’s customers include some of the largest providers of contract security to the United States government.
BUSINESS MODEL & RESOURCES NEEDED
The company has six employees working for it.
THE INDUSTRY
The company provides employee screening to commercial, healthcare and government sectors. The company caters to the expansive affiliate marketing training niche.
OPPORTUNITIES TO SCALE
The company is on a proven, multi-year growth trajectory, with YTD earnings growth of 23% over the same period last year. The company has specialized programs for screening personnel in contract security, health care, hospitality and gaming facilities. The long-term government contracts are challenging to get and offer significant value to the buyer of the company.
Asking Price: $575,000
Gross Income: $567,354
Cash Flow: $163,504
Year Established: 2010
Employees: 6
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