Business For Sale

Accredited Beauty College Established 20 Years

Houston, TX
Harris County


Asking Price: Annual Revenue:
$353,000 $420,708

Services: Education & Training


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RE: Accredited Beauty College Established 20 Years Broker: Bobbi Coffey
Owner Financing is Available!
$103,000.00

Quick Facts

Asking Price: $353,000
Annual Revenue: $420,708
Net Profit: Not Disclosed
Cash Flow: $89,058
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 4
BBN Listing #: 476544107
Broker Reference #: 76931-731244

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Business Overview:

College was licensed through the Texas Cosmetology Commission in 2000. It's mission is to successfully prepare cosmetology students to pass the Texas State Cosmetology exam with accuracy, confidence and pride. In addition to training in Cosmetology, the college offers a program in esthetics, and is completing a build-out expansion for barbering. The college derives a substantial portion of its revenues from financial aid received by its students under programs authorized by Title IV of the HEA, which are administered by the US Dept of Education. In order to participate in the programs, the college must comply with the regulations promulgated under the HEA. The college repeatedly demonstrates that it is financially responsible, as defined by the general standard required by the HEA.

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Property Features and Assets:

Seller also will consider equity partnership of 70-75% for $250,000; CEO/CFO (owners) willing to stay on to assist 100% new owner or partner. Also potential for investment buyer who would continue the assistance of sellers.

Reason for Selling:

Retiring

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.

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