Trade And Career School For Sale
Location:
United States
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Texas
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West Texas
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El Paso
Industry: Educational > Schools
Business Summary
** PRICE REDUCED TO $350,000 ** This technical and career school was founded in 2003 and currently offers 3 courses: 1. Office Technology 2. Medical Billing/Coding 3. Professional Truck Driver Training In addition, the school offers a high school Diploma course by correspondence. In 2008, the school will be adding a course for pharmacy technicians and a course for medical assistants. Much of the tuition for these courses is paid by a State of Texas governmental agency that helps train and find employment for individuals. Growth and profitability have been significant with 2008 sales approaching $400,000 and Net Income approaching $200,000. During 2007, the school trained approximately 73 students. (Gross Sales and EBITDA based on 2007 Actual). This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
Facilities: The training facility is in an office complex in East El Paso. The company currently rents approximately 3600 sq ft in the office complex ($2,371/mo). Landlord is open to giving new owner a long term lease if desired.
Competition: The school has several competitors, but is expecting significant future growth due to the large demand for its services.
Growth and Expansion: The course that has shown the most significant growth is the Professional Truck Driver Training as both regionally and nationally, there is a shortage of qualified over the road drivers. Current owners suggest that the new owner add at least 1 truck and 1 instructor for this course. As most of the current students for all courses come from referrals from government agencies, the current owners believe that significant benefits can be anticipated by developing an ongoing advertising and marketing program so that name recognition is increased.
Email or call Tom Given at 915-585-1900 for more information on this Trade And Career School for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$313,000
Cash Flow:
$96,000
Cash Flow Type: EBITDA
Inventory: $35,000
Seller Financing: No
About The Business
Year Established: 2003
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will train for 1 month and be available for consulting on a longer term basis.
Reason For Selling: Owners wish to dedicate all of their time to another unrelated business
Click on the "I'm Interested" button above for more information on this Educational > Schools business for sale.
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Print Listing Id: 70084564
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