Revolutionizing the Health & Safety Workforce with Software Solutions
An online platform in the Health, Safety & Workforce software space with 100% recurring revenue from over 300 enterprise-level clients. Its flagship product is an online induction tool which replaces manual induction processes. The company operates in a number of segments such as incident reports, hazard reporting, risk management, rostering system etc. The company enjoys a strong unpaid marketing presence, ranking high on search engines. With steady growth, this SaaS business presents an opportunity to acquire proprietary, industry-leading, sticky products that are in high demand—all with recurring revenue.
OPERATIONS
The platform’s flagship product is the online induction tool, offered with a monthly or yearly subscription in which companies can onboard clients using any method of their choice. The tool provides them with a platform to publish their existing content online, collect information, present checklists, documentation for download, videos, issue induction cards, and test the knowledge of the inductee through online assessments. Currently, the company operates in a number of segments, including incident reports, learning management, hazard reporting, risk management, rostering system, contract management, injury management, health safety systems, and more.
The online platform ensures seamless induction processes, limiting hiccups in onboarding clients. All of the products are cloud-based, the platform is available anytime, anywhere, and on any device, providing ease of access. The supply chain is digital, ensuring uninterrupted user access and requiring minimal logistics.
MARKETING AND KEY METRICS
The company is highly search engine optimized and ranks on Page 1 in major search engines for all industry-leading keywords. With 300 enterprise-level clients and the company’s sticky, proprietary products, the business enjoys a strong, unpaid marketing presence.
The company generates sales through enterprise-level clients who pay for the platform’s subscription services.
The company has 100% recurring revenue from over 300 enterprise-level clients. It is search engine optimized, ranking on Page 1 in major search engines for industry-leading keywords, ensuring a steady flow of leads. The company’s sticky products have a high retention rate, contributing to a strong recurring revenue stream. The company is growing tremendously year-over-year, with contracts for 2015 already exceeding those of previous years.
The company currently targets enterprise-level clients within the Health, Safety & Workforce space.
BUSINESS MODEL & RESOURCES NEEDED
The business has six full-time employees.
THE INDUSTRY
The online platform is within the Health, Safety & Workforce space, which is growing in importance as workplace safety is becoming a crucial aspect of organizational success. Business owners and employees alike are more and more concerned about their safety and compliance with regulations. With digital advancements and an increasing reliance on automation, businesses are looking to platforms that will streamline processes, automate compliance activities, and enhance safety measures in the workplace. Major players within the industry include Workday, Ceridian, and Oracle, among others.
OPPORTUNITIES TO SCALE
Opportunities for growth include expanding the product line within the Health, Safety & Workforce space to provide more services and automation. They could also expand their offering outside of their home market and research other industries that could benefit from their platform. Expanding marketing efforts to attract more customers would also be a strong consideration.
Asking Price: $1,625,000
Gross Income: $1,150,000
Cash Flow: $401,025
Year Established: 2010
Employees: 6
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