Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Highly Profitable, Niche Post-secondary School
LISTING DETAILS
Firms For Sale ID:
26727
Vendor reference:
3537
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$8,000,000
Net profit / cashflow:
$2,640,000
Years established:
1969
OTHER DETAILS
Reason for selling:
Diversification of personal financial goals and growth opportunities for the Company and its employees.
Support and training:
The active principal is available to remain with new ownership if the parties strategic visions are compatible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
The Business for sale is an accredited vocational school, specializing in a training niche that produces highly trained and highly compensated new employees for industry. The school is accredited through the ACCSC (Accrediting Commission of Career Schools and Colleges). The Company receives a substantial portion of its revenues from Student Financial Aid (SFA) received by its students under Title IV programs administered by the U.S. Department of Education. For 2009, the Company received approximately three quarters (73.5 percent) of its revenues from SFA programs.The school has the capacity to train up to 600 students per academic year. Based on statistics compiled by the ACCSC, the school graduated 179 and 177 students respectively, for the academic period June 1, 2008 through May 31, 2009. The operation includes a state-of-the-art campus comprising a student library, classrooms, research room, complex training equipment and facilities.