Flippa
FOR SALE
Business Name

Writers Work

Business Model
SaaS
Industry
Business

$1,400,000

Asking Price
Multiple 2.6x
This business is a SaaS product and Marketplace for writers to connect with clients and potential employers.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2017
Full-Time Staff
-
Annual Revenue
$1,816,232
Annual Expenses
$1,269,034
Annual Net Profit
$547,198
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021
Revenue $206,401 $163,630 $166,014 $161,864 $125,617 $122,287 $153,351 $116,289 $140,994 $128,587 $147,800 $183,387
Expenses $135,333 $117,818 $112,368 $110,779 $111,145 $92,592 $108,871 $83,964 $92,681 $81,010 $103,439 $121,985
Net Profit $71,068 $45,812 $53,646 $51,085 $14,472 $29,695 $44,480 $32,325 $48,313 $47,577 $44,361 $61,402
Month Pageviews Users
June 2021 321,228 91,180
May 2021 329,905 96,683
April 2021 294,443 84,314
March 2021 276,224 76,628
February 2021 268,646 77,489
January 2021 345,494 102,955
December 2020 289,237 81,567
November 2020 301,880 85,460
October 2020 347,260 99,962
September 2020 366,994 108,786
August 2020 389,419 118,784
July 2020 420,247 136,214

Note: Traffic data was provided on 04 July 2021. Enquire for more recent data.

Business Description

Established in February of 2018, this business was launched as a small toolset for writers. We quickly saw that the market needed much more than just tools, but a way for clients to find new writers.

The product morphed into a combination of education (courses), coaching, portfolio websites, project management, job search, a marketplace, and much more.

Nothing like this business exists in the marketplace, which has allowed us to maintain a steady pace of revenue for 3+ years.

The business is currently operated by a husband and wife team, working only a few hours per week. Customer support is ran by a third party company, making this operating very low maintenance for the new owners.

How does your business make money?

We make money from selling access to the software via a one time fee or subscription, as well as courses, coaching and a toolkit available post-signup.

Note regarding P&L

In the expenses there is a "Salaries and Wages" category, the husband and wife pay themselves an owner salary and it amounted to $137,087.61 in the P&L for the trailing 12 months. The next owner can choose to pay themselves like this, or as a distribution of the profits, thats up to them. This is taken out of the expenses category category for the purposes of this sale.

Also, around $6,000 monthly from the P&L is discretionary, and the owners can decide to spend that on further developing the product, or taking it as a profit. This would add an additional $72,000 annually in profit, so its removed from the expenses category for the purposes of the sale.

Why are you selling this business?

We're taking investment on a separate business that requires our full attention.

Assets

  • Brand assets
  • Custom technology
  • Customer databases
  • Domains
  • Hosting accounts
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • Google Adwords

Social Media

Facebook
29K followers
Twitter
400 followers
Instagram
37K followers
Mailing List
1.4M email addresses

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Mark Harrell

Verified Account

United States

Contact