Yearly revenue

$63,000

Yearly net profit

$59,000

Asking price

$195,000 SOLD

Main Benefits

• Platform-as-a-service with a lucrative recurring revenue model and thousands of active users
• Impressive revenue compounded annual growth rate of c.51.4% for the period 2016 to 2018
• Robust database of over 7,900 tutors across all 50 states
• Lean operating cost structure with minimal overhead

Description

For sale is a scalable and well-built platform-as-a-service (PaaS) business in the education niche.

Since inception in 2016, the business has quickly grown in popularity by providing an intuitive platform which helps students and parents find trusted tutors. With several years of operating history, the business has established itself as a reputable player in the space, hosting c.7,900 tutors in over 2,300 cities in all 50 states.

The business has demonstrated good success in securing a foothold in the growing private tutor niche. With demand for private tutors predicted to continue rising at an impressive c.7% CAGR for the period 2018 to 2022, the business is well-placed to capitalize on its authoritative brand and wide-market reach to continue scaling.

The business is monetized via a lucrative recurring subscription model. This operational model has proven successful, with revenues growing at an impressive c.51.4% CAGR over the period 2016 to 2018. With over 2,100 active tutors, low churn rates, and high margins, a new owner will have plenty of resources to invest in growth.

With manual outreach being the only form of customer acquisition to date, the business presents a great opportunity for a new owner to take over an established PaaS business in the profitable education niche. With steady top line growth, simple operations, and numerous untapped growth opportunities, a new owner will be well-positioned to continue scaling the business.

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All numbers are prepared on a SDE basis.