After 13 years in the job board business, I think its time I explore selling AllCountyJobs.com LLC. Here’s a link to the Sell Sheet for interested buyers with some of the basic details.
UPDATE: 5/30/12: Buyer has been found, its Operations Inc (press release)
UPDATE: my video interview with Online Recruiting News
I started my first job board in 1999 and haven’t looked back since. During that span, I have created dozens of sites. Some failed, some made it big. It’s been an awesome ride to say the least. I work from home, have no employees and I’ve probably built the most efficient job board operation in history.
But I’m bored.
I’ve gotten ACJ to a point where its pretty much all automated. The sites run themselves thanks to the various technologies I’ve plugged into them. I can run the business with only a few hours of human input per day. So lately I’ve been dreaming of other things I could do in the online recruiting space.
Make no mistake, I am NOT giving up on job boards. On the contrary. I still believe greatly in the niche and local sites that provide tremendous value everyday to employers. (And if I do sell I’ll probably buy more of them)… It’s just…I’ve been there done that…if you know what I mean. Its too much of a routine for me and I’m looking for a bigger player who wants to add a nice cash cow.
What excites me these days is the mobile recruiting space. I have tons of ideas for job search and recruiting apps that will help connect job seekers and employers. I’ve built a few already like JobSpeek and the Hidden Jobs app. But I need the capital to build such a business. Thus, I want to sell.
However I want prospective buyers to know that is is no firesale. AllCountyJobs.com is growing at 20% per year since the job market lows of 2009. And I expect 2012 to bring much of the same. Last year I expanded into new markets and put a great deal of sweat equity into building the brand name through PR, getting backlinks, writing articles, etc.
13 year old job board businesses like this don’t come along very often. Especially ones with thousands of backlinks, a cadre of loyal customers and a six figure revenue stream built by one man. I expect to get a fair value for it, given the fact its become an annuity at this point.
All this makes me think now is the time to sell. The growth is there. Plus the job market is coming back which makes me more confident in their future. The timing seems right.
So if your company want to add to its jobs portfolio or you’re just someone with a big check who wants to get into the job board game, read the Sell Sheet and give me a call.
(serious inquiries only please)