Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Fully Accredited Postsecondary Training And Education
LISTING DETAILS
Firms For Sale ID:
27892
Vendor reference:
2268
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$4,500,000
Net profit / cashflow:
$1,120,000
Years established:
72
Number of employees:
35
OTHER DETAILS
Reason for selling:
Exit planning, Growth capital to pursue significant expansion opportunities
Support and training:
The active owner will be available to assist new management for a smooth transition period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
The Business for sale is a fully-accredited private career college awarding postsecondary diplomas and certificates in the areas of medical assisting, medical administration, pharmacy technology, and business. The college is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS) and the Commission on Accreditation of Allied Health Education Programs (CAAHEP). Offering numerous in-demand career advancement programs at two campuses, the combined operations achieved net revenues of $4.04 million in fiscal 2011 (FYE June 30) with corresponding EBITDA of $784,556. Based on an implemented tuition increase, fiscal 2012 net revenues are forecast to approximate $4.5 million with corresponding EBITDA of $1.12 million. The college currently has an enrollment of 452 full- and part-time students pursuing continued education in order to advance their career opportunities. The Company’s staff is comprised of 35 employees, including management, faculty, and staff.
Market / Competition / Non-Competition Agreements
The operation is poised to pursue significant growth opportunities through the establishment of additional campuses and by expanding program and course offerings.