DevLeague Inc Hawaii’s only Coding Bootcamp!

Honolulu, HI
Honolulu County

Asking Price: Annual Revenue:
$299,000 $762,000

Services: Education & Training

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RE: DevLeague Inc Hawaii’s only Coding Bootcamp! Broker: Elizabeth
Owner Financing is Available!
Negotiable with mutually agreeable terms.

Quick Facts

Asking Price: $299,000
Annual Revenue: $762,000
Net Profit: Not Disclosed
Cash Flow: $164,000
Total Debt: Not Disclosed
FF&E: $7,400
Real Estate: HI
Year Established: 2013
Employees: 4
BBN Listing #: 587348018
Broker Reference #: Not Disclosed

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Business Overview:

Located in Hawaii, DevLeague is the premier technical boot camp in the Pacific, designed to provide mentorship and training to motivated individuals seeking a career path in modern technology. We teach in-demand technical skills such as JavaScript Web Engineer and Cyber Security to help our students transition into a new career path in technology.

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Property Features and Assets:

Co-workspace, month to month lease. Renewable six-month lease. There is access to a 600 sq foot private classroom and unlimited co-workspace in the main area we use for overlapping classes.

Market Competition and Expansion:

-A good alternative to traditional college, where tuition has more than doubled in the past 10 years and cheaper than in-state college tuition in Hawaii -The coding bootcamp industry is continuing to grow, estimated 49% growth in 2019 (estimated 23,000 graduates in 2019 vs 15,000 in 2018) -Since 2013, coding bootcamps have grown 11x with more room to grow -Javascript continues to be the most common teaching language, used in 44% of Web Development courses -Nationally ranked top 50 schools in 2019 (#47) -5-star reviews on and -Smaller class size benefits students with hands-on training and access to instructors and advisors (1:7 teacher student ratio) -Veteran’s Administration GI Bill benefits approved -Approved Eligible Training Provider to US Dept of Labor American Apprenticeship Initiative, Hawaii State and Honolulu City workforce development grant programs that subsidize student tuition to attend DevLeague and assist with post-graduate employer programs -Lack of local competition - students must fly to the continential US for nearest coding bootcamp -Cost-effective for local market students. The average tuition is $13,584 for US continental coding bootcamps and doesn’t include travel, accommodations and food and transportation. University of Hawaii in-state tuition is $11,970 plus additional for books and living costs -Leadership role in local hackathons including Global Game Jam, AT&T Hackathon, Hawaii Annual Coding Challenge -Since 2014 to present, DevLeague awarded over $130,000 in scholarship funds students who applied for the DevLeague Elevate Fund and DevLeague Diversity Fund. Cons -Lack of local tech sector - hiring for tech jobs not ubiquitous as other tech markets like San Francisco, Seattle, New York -Default is to attend local university computer science programs focused on theory and less on practical and applied knowledge -Distance for non-Hawaii applicants too far to travel -Increase in number of coding bootcamps, especially weaker schools resulting in negative student outcomes and a perceived negative reputation in the marketplace for bootcamp graduates -Not enough financial options (i.e. tuition loans) from the traditional banking institutions, students must rely on third-party financing with higher interest rates

Reason for Selling:

Co-founders wish to move on with new projects.

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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