Essay Writing Service

Asking Price:

$700,000

Financial Overview

Revenue:
$535,743
Income:
$237,580
Multiple:
2.94x

Business Description

For sale is a website that produces superior quality essays and coursework for high school, college and graduate students, as well as offering the ability to take timed tests and provide additional types of projects. They have a network of contracted and well-vetted writers that has been developed and refined over the past 8 years by the current owner.

The model of the business is fairly straight-forward: a customer (i.e. student) orders an essay to be written on a specific topic with a defined deadline (with an average order value of $93) and the contract writer completes it at a rate of either $6-$8/page or $19-$21/hour (depending on their star rating).

A large amount of traffic from the website is through SEO, which reduces the company’s marketing costs and raises the profit margin to over 50%. The quality of work has contributed to a large following of loyal clients who consistently refer their peers, allowing the website to grow exponentially. Profits in 2021 are up compared to the same period in 2020, despite the pandemic’s effect on college enrollment (which had decreased by 6% but is rebounding). Additionally, over 51% of the revenue comes in via returning clientele.

It is a turnkey business requiring minimal supervision and offering a 1 HOUR WORKWEEK, as all processes have been automated.