Business for Sale Overview:
** 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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The training facility is in an office complex in East El Paso. The company currently rents approximately 3,600 square feet in the office complex ($2,371 per month). Landlord is open to giving new owner a long term lease if desired.
Market Competition and Expansion:
The school has several competitors, but is expecting significant future growth due to the large demand for its services. 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 to the general public. Also, the new owner should continue to expand the number and types of courses available.
Reason for Selling:
Owners wish to dedicate their time to another bus
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.