Career School - Houston, San Antonio & Dallas

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$1,600,000 $420,000

Services: Education & Training


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RE: Career School - Houston, San Antonio & Dallas Broker: Bobbi Coffey
Owner Financing is Available!
$400,000.00

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $420,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 14
BBN Listing #: 928644107
Broker Reference #: 76931-334320

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Business Overview:

Business was established in Sept 2015 with first license to operate being obtained in March, 2016, for the Houston branch. Owner put in substantial effort and presentations to develop an alliance with Texas Workforce Commission. Worked with local DARS rehabilitation officers, hope mansions, churches, school alumni and heavily invested on Digital marketing and automation systems. Typical Career School approval takes anywhere from 12-18 months, with an established branch to get through the process. All course work, material and catalogs were built from scratch by identifying job demand. SEO and digital optimization works so well that it brings and tracks records of 200-250 leads a month.

In August, 2017, they opened the San Antonio branch, then in January, 2018, they opened the Dallas branch. Owners strategy is to open one branch every year, which brings $70,000 - $100,000 in profits per location. 2018 resulted in combined sales of $400,000, and SDE of $150,000 - $160,000 from 2 established branches, and the 3rd recent Dallas location which is still developing.

Owner has invested substantial time and effort to track all marketing, administration and management so locations can be run via absentee approach.

Expected SDE for the three current locations fully ramped up is $200,000+ in 2019.

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Property Features and Assets:

Office building locations; short term or month to month leases; easily relocatable. Square Feet 800-1,000 per location; Rent $1,000 - $1,300 per location.

Market Competition and Expansion:

The U.S. faces a severe shortage of skilled workers. As a result, the demand for skill-based career education is strong and will increase in the future. Due to heightened regulatory scrutiny, most of the poorly run schools have been closed down. As a result, the schools that are still standing will face less competition and should thrive. This is a highly specialized industry with a high barrier to entry. It is generally more advantageous to acquire a school than take the time and resources to start one. Opening new branches, 1-2 per year. System is established an organized, therefore easily replicated at whatever pace a new owner would like to grow.Has franchise development opportunity. Veterans Commission is a substantial boost for the business. Since the school has been in operation for three years they are qualified and have applied, which provides more than 3x multiple of self pay tuition revenue. Dallas course fees are 30% higher than Houston and San Antonio.

Reason for Selling:

Relocating

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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