Compare Listings

Receive a free, no obligation business valuation here X Dismiss

Disruptive Recruitment PaaS for Freelance Graduates and Employers In London

₤2M

Description

Toptask 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, Toptask recruitment was deployed. At present, the client base is concentrated in London.

Website: www.toptask.co.uk

Services Offered 

On the freelance task side

Toptask provide 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

Employers do the vetting and rating for Toptask for free. 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
Reason for Sale

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.

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 June 15, 2020 at 7:40 am

Property ID:L#2020452
Property Type:Internet Businesses
Property Status:For Sale
Asking Price: ₤2M
Country:United Kingdom
State: United Kingdom
City: London

Schedule a Tour

Your information

Similar Properties

€1.4M€246K/EBITDA

Russian Web hosting firm with revenue of approximately US$670k from Dedicated hosting, VPS hosting, shared hosting , and the remainder from add-ons. Customers widely diversified across Asia (Russia, Ukraine, Kazakhstan,etc) . Serv ...

€1.4M€246K/EBITDA
€246K

Internet Businesses

₤2M

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 ...

₤2M
TBD

Internet Businesses

$200K$44.5K/EBITDA

Global Luxury Brand founded in Israel designing luxury bands in Israel, 100% Handmade in Italy. Pricing from 350€ to 650€ per bag. Organic Visbility on Chinese Marketplaces (WeChat, Weibo, Xiaohongshu. Biggest competitors i ...

$200K$44.5K/EBITDA
$44.5K

Internet Businesses

$15M$5.5M/EBITDA/EBITDA

The assets operate digitally with zero physical products. The sites offer readers useful niche content and generate revenue through Advertising and Affiliate e-Commerce. The websites of this portfolio are based on a completely uni ...

$15M$5.5M/EBITDA/EBITDA
$5.5MEBITDA

Internet Businesses

27M5.8M/EBITDA

For Sale a Global Leader in Magento Industry. Magento is #1 ecommerce software platform worldwide strengthened and driven by Adobe. Located in Slovakia and Belaurus, this company has been on the market for 10 years offering 228 e ...

27M5.8M/EBITDA
5.8M

Internet Businesses

₤10MTBA/EBITDA

The opportunity is a Saas and CPaaS platform which was established in 2008 in Dublin, Ireland. It designs manages and drives communications for its many blue-chip clients. The company is seeking to raise equity of £10 m. Equity w ...

₤10MTBA/EBITDA
TBA

Internet Businesses


No Review ( 0 out of 5 )

Write a Review

Login for Review

PREVIOUS PROPERTY

Internet Business Top Adult Dating Affiliate Network Now Available In San Francisco

NEXT PROPERTY

London Based Hardware and Software Company

MergersCorp M&A
International As seen on

  • brand 1
  • brand 1
  • brand 1
  • brand 1
  • brand 1
Skype