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Disruptive Recruitment PaaS for Freelance Graduates and Employers

London, United Kingdom
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    Disruptive Recruitment PaaS for Freelance Graduates and Employers

    Asking Price:

    ₤2,000,000

    Business ID:

    L#2020571

    Country

    United Kingdom

    State:

    United Kingdom

    City:

    London

    Description

    This online business is a simple platform as a service (PaaS) that uses a combination of tech and human interaction to create a highly valuable and reliable database of vetted, tested and primed candidates for recruitment purposes, at a fraction of the cost of any other competitor while offering higher quality standards, operating on an extremely lean operation. It uses mobile app technology to provide access for short term work and projects posted by businesses and individuals for undergrads and recent grads. Although there is some revenue generated, the product has had only organic growth and is reading to launch in earnest. The USA rights to the technology have recently been sold, but the price includes the rights to use/sell the technology to the rest of the world.

    The concept was first considered in 2016, and the next year was spent on development, with a soft launch in January 2017. Eventually, in September 2019, the website recruitment was deployed.

    Services Offered 

    On the freelance task side

    The website provides the option to hire vetted temp staff to both individuals and companies at no cost besides the wages they pay the student.

    On every task the student is rated by the employer on his/her behaviour, attitude and performance. The system takes these ratings and builds them in to the candidate profile.

    On the recruitment side

    The tech builds the profile on each and every candidate.

    They offer recruitment services at 1/3 of the competitors’ price providing, higher-quality candidates with less vetting required. 

    USP’s Over Competitors
    • Initial candidate Vetting process
    • The technology
    • The simplicity of the platform
    • Free Candidate profiling for users
    • Higher ROI in time and money on recruitment than other options
    • Plug and play solution
    Opportunities
    • Due to the current events, online hiring and tasking is going to be a huge market trend and major growth is expected
    • A plug and play solution, fully tested and ready to go; ahead of the competition at present
    • Disrupt the recruitment market
    • Expand throughout the UK market
    • Licence the technology to other jurisdiction
    • Increase marketing and media activity to reach a broader audience
    • Would also suit large recruitment company
    Personnel

    There is one team member that would stay on post-sale and she runs the whole operation. She has full knowledge of the overall operation and tech of the company.

    Detail

    Updated on August 17, 2020 at 11:10 am

    Business ID:L#2020571
    Property Type:Internet Businesses
    Property Status:For Sale
    Asking Price: ₤2,000,000
    Reason for Selling:The main shareholder and Founder is a serial entrepreneur and has sold 5 companies which were at the same stage of pre-growth. He now has other plans and is happy with where he has taken the company. The business has strong proof of concept and now needs a proper launch.
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      This online business is a simple platform as a service (PaaS) that uses a combination of tech and human interaction to create a highly valuable and reliable database of vetted, tested and primed candidates for recruitment purposes, at a fraction of the cost of any other competitor while offering higher quality standards, operating on an extremely lean operation. It uses mobile app technology to provide access for short term work and projects posted by businesses and individuals for undergrads and recent grads. Although there is some revenue generated, the product has had only organic growth and is reading to launch in earnest. The USA rights to the technology have recently been sold, but the price includes the rights to use/sell the technology to the rest of the world.

      The concept was first considered in 2016, and the next year was spent on development, with a soft launch in January 2017. Eventually, in September 2019, the website recruitment was deployed.

      Services Offered 

      On the freelance task side

      The website provides the option to hire vetted temp staff to both individuals and companies at no cost besides the wages they pay the student.

      On every task the student is rated by the employer on his/her behaviour, attitude and performance. The system takes these ratings and builds them in to the candidate profile.

      On the recruitment side

      The tech builds the profile on each and every candidate.

      They offer recruitment services at 1/3 of the competitors’ price providing, higher-quality candidates with less vetting required. 

      USP’s Over Competitors
      Opportunities
      Personnel

      There is one team member that would stay on post-sale and she runs the whole operation. She has full knowledge of the overall operation and tech of the company.

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