8 year-old employment screening (reasoning, ability) tests preparation website, well-known in the UK, hosts a great open-source LMS and gamification features.
The text describes a well-established, 8-year-old online platform in the niche market of employment screening test preparation. The website has attracted customers from over 70 countries, serving primarily recent graduates and internship candidates, along with professionals changing jobs, who need to prepare for various employment screening assessments. The platform operates entirely on organic sales without utilizing paid advertising. It features an open-source learning management system, efficient subscription management, two payment processors, and gamification elements. The operational costs are modest, under $5,000 annually, and require around 5-10 hours of maintenance weekly.
The business experienced a decline in revenue due to Brexit, as the UK was its primary market, especially within the financial sector. However, there's potential for growth if new test preparation courses are developed. The site could synergize well with other online job portals or international student forums. Historically, the platform generated yearly revenues exceeding $120K, serving over 75 countries. Payment processing is handled through PayPal and Stripe, although detailed sales figures are only available for Stripe transactions. There's an opportunity for revenue recovery and expansion with strategic investments to extend the product offerings.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More