MergerPlace

Business & Career Training Company

Idaho (Ada)


  • Asking Price: $315,000
  • Gross Income: $933,000
  • Cash Flow: $160,880
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $8,140
  • Listing ID: #207223
  • Established: 2006
  • Employees: 5 FT / 1 PT

Business Description

The company is a well-established, non-accredited, technical/trade school providing primarily adult software training located in the Mountain West. Trade/technical schools are on the rise as more young and older Americans realize that getting a college degree is not necessarily the way to financial security. The company is approved to receive federal funds from the: GI bill, Workforce Investment Act, and Trade Act.

The company trains current and future members of the workforce in the latest software technologies including Microsoft Office, Microsoft Technical, Adobe, QuickBooks, Citrix, RedHat Linux, Cisco, VM Ware, Comp TIA and many others. Clients include government, military and private enterprises. The training solutions are delivered online live, on demand, live in the classroom and onsite at the client locations.

The company has the following special licenses or contracts:

· Proprietary School

· Microsoft Learning Partner

· CompTIA Learning Partner

· EC- Council Partner


Business Details

Primary Business Category: Services - Educational
Location: Idaho
County: Ada

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT / 1 PT

Financial Information

Asking Price: $315,000
Gross Revenue: $933,000
Cash Flow: $160,880
FF&E: $8,140
Seller Financing Available: Yes

Property Information

Facilities:

The company is located in a 2,500 square foot office/retail space. The seller believes that the business is relocatable to a smaller, less expensive location should the buyer wish to do that. Company revenues are not dependent upon the current location. The triple net lease of $2,643 per month expires on December 31, 2018. The triple net charges run approximately $900 per month for a total monthly rent expense of $3,543.

Growth & expansion opportunities:

There is opportunity to extend training outside of current geographic location. Specifically, there is a strong potential to grow an existing training program and expand the online class delivery thus improving market share through better service and results.

Competition:

The company focused on three primary markets: 1. State and Federal government employees, managers, and IT department workers 2. Veterans with GI Bill funding 3. Private businesses employees, managers, and IT department workers The company is one of two training focused organizations in the local area and is the market leader. According to First Research, a leading provider of industry analysis and research, the advancements in education technology are also transforming the industry. Companies are improving their online course offerings with features that make distance learning more accessible and interactive. Businesses are backing technical education as a recruiting tool for unmet hiring needs. Technology and manufacturing companies also offer scholarships, internships, and equipment and managers from some firms serve as guest instructors. Strong corporate involvement can help educational programs meet student job placement goals. Currently, the geographic market is the Mountain West. However, much of the training can be delivered remotely. This is an opportunity for a new owner with a desire to expand and implement additional advertising resources to reach other markets. The company provides training to all types of industries and businesses. · Federal Government · State Government · Military Bases · Companies with 1000+ employees

Reason for selling:

This training/education business has provided a good income to the owner/founder. The company is the current local market leader in this industry and continues to grow its market share. The owner is a serial entrepreneur and is ready for the next adventure. An ideal buyer will have a business management or education background and be interested in directing business operations including leading the sales and marketing objectives. As the owner, your primary focus is to develop new business opportunities and mentor and coach the other staff members to achieve company goals. The two best reasons that this business is a good opportunity for the right buyer: 1. There is high growth and high profit opportunity in the Veteran GI Bill training offered. 2. There is a strong growth opportunity to extend training outside of Idaho.

Support & Training:

Will train for 12 weeks @ no cost If you have a business development, sales, marketing, or education background, this business may be the right fit for you. The owner works 30 to 40 hours per week handling business development, marketing initiatives and sales team management.

Contact Business Seller

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Business Listed By:

Sheila Spangler

Murphy Business Brokers