Online Marketing Firm - Established Customer Base and Cash Flow
$18,669.23 in Revenue Per Month in 2014
Market Taffy, LLC was founded in late 2012. We provide small businesses with online marketing services that include website development, search engine optimization, social media marketing, and paid online advertising.
In our first full year of business (2013) we brought in roughly $103,634.41 in revenue while earning just under $50,000 in profit.
Due to the creation of monthly contracted service agreements, and the securing of a high value national account, our growth has increased significantly in 2014. Between 1/1/14 and 5/20/14 we have so far grossed $93,346.95. That works out to $18,669.23 in revenue per month, and a projected $224,030.71 in revenue for the year.
Total monthly business expenses currently sit at $10,833 per month, including paying three contractors a total of 120 hours per month, as well as our office rent, utilities, phone/Internet, and different subscriptions.
Between the $18,669.23 in monthly revenue, and the $10,833 in monthly costs, that leaves $7,836.23 in monthly profits, or a projected $94,034.76 in profit for 2014.
Additionally, out of our monthly revenue, $12,685 is guaranteed through six month or longer service agreement contracts with our clients. The additional revenue comes from referrals from other customers, and repeat clients with whom we don’t yet have monthly service agreements in place with.
We also have a robust pipeline, with between $5,000 to $15,000 in contracts per month that could reasonably be secured with diligence.
While the firm is located in Pensacola, Florida, the business could be operated from anywhere. All of the work we do for clients is online, and our clients are located across the country. I do have three local independent contractors working for me currently, but you could just as soon hire employees to do the same jobs remotely, or hire people locally wherever you are.
Further, I have purposely built out this business to be both easily scalable and expandable. We have basic service packages that we use as a template when doing work for clients – and they can be replicated again and again, meaning you don’t need to have a high level of knowledge in online marketing services to be successful with this business.
Our firm does not have any debt. We also don’t have expansive assets - just computers, monitors, some furniture and what not. In other words, it’s a lean and agile organization, which again lends itself to being a business that could be run from anywhere.
The ideal buyer for this company would be someone who wants to take an already successful firm with a great customer base and consistent revenue streams and grow it to be even more lucrative.