Shea Heaver
Fort Lauderdale, FL (USA)
Role(s):
Founder/Owner/Principal
Satisfaction At Work Inc
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Startup
Location:
Fort Lauderdale
Industry:
Human Resources
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"S" Corporation
Description:
Satisfaction At Work Inc will introduce, market, sell and service an established and unique Employee Engagement online program within the US.
The An Even Better Place to Work program is already being used in the Europe, Africa and the Middle East by companies such as
>> Rolex
>> Heineken Breweries
>> Emirates
>> Siemens Rail Systems
(URL removed) more.
Satisfaction At Work Inc is seeking $250,000 - $300,000 in operating capital to aggressively move forward in 2014 and beyond.
We anticipate hitting a revenue run rate of approx $8-9 million per year by Years 4-5, and drop approx $5-6 million to the bottom line in EBITDA.
A typical HR productivity distributor in this sector has sold for (or currently trades at) an average P/E of 16, which would put the value of the company at approx. $84 million
by the end of Year-5, assuming that we hit our revenue and profit projections.
We're raising the $250,000 we need by selling 1,000,000 shares at 25 cents a share, with a $25,000 minimum (100,000 shares). We have 10 million shares issued and outstanding prior to the offering, which puts the pre-money valuation at $2.5 million.
With the US economy rebounding and organizations beginning to once again invest in employee programs, the timing is right to bring the program to a very large potential
market.