Total of 18659 firms and businesses for sale today Saturday 11th May 2024
Sold. Binary Options Business
LISTING DETAILS
Firms For Sale ID:
28908
Vendor reference:
868729
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$20,000,000
Net profit / cashflow:
$7,000,000
OTHER DETAILS
Reason for selling:
The owners had not consider selling but were recently approached by a large forex brokerage in the US. That got them thinking about selling and now they see that with more capital to grow the business that it can ramp substantially to $3-$4mm/month in revenue. They currently have a staff of 41 people that can easily be expanded to 80. Plans are in place to move to a new office with more space for growth.
Financing available:
Sellers will consider offers with partial seller financing.
Support and training:
The three owners are committed to an effective transition. One owner was the CEO of a forex business previously, one runs the technology side of the business and the other runs the marketing. They have a business plan in place and are about four months ahead of schedule so far. Founders will stay on and grow the business for the right offer. Specific transition and ongoing involvement is negotiable.
Business is relocatable:
No
Business is web-based:
Yes
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
For sale is a high growth business in the binary options industry. Binary options trading is a relatively new financial trading instrument. In the past year volumes have literally exploded and thousands of new clients are joining brokerages every month. Most brokerages are still small, however the larger ones with advanced marketing channels and solid sales know-how are opening over 500 new accounts each month with deposits of $500,000 to $1,000,000 each month.
This business is a cashflow machine with multiple proven marketing channels in place. Live multi-lingual support and sales center running for English, Italian, French, Spanish, Arabic and Japanese languages.
This is a fast growing business. At its current pace it is on track to do over $20mm in revenue and $7mm in profit over the next 12 months. Owners are willing to stay on for a long term transition. They are looking for someone else to come in and provide an injection of capital to ramp the business to $3mm-$4mm/month in revenue.
Expansion Potential
This business is growing fast and at its current pace is on track to do over $20mm in revenue and $7mm in profit over the next 12 months. With additional capital the owners see that they can ramp the business substantially to $36-40mm/year in revenue. They estimate the business can do $12mm/year in revenue from Asian markets alone and are currently pursuing a joint venture to setup a dedicated Asian call center.