Listing ID: 66633
This company is a multiple decade old college support program. The company was
created in response to the growing number of students who were struggling in college and needed extra support both academically and personally. Through research, innovation and student feedback, the business has developed a
comprehensive, individualized support system that provides students with the tools, skill sets, and confidence needed to craft sustainable success. The business coaching-based support program is located in a beautiful, rural Pacific Northwest community with a team of certified coaches, learning specialists, professors, and wellness experts that provide students with the daily structure, support, and guidance they need to succeed while earning college credits. Student programs are combined with a research-backed behavioral and neuro coaching model tailored to increase student motivation, improve performance, and bring about sustainable positive change.
The business has done a fabulous job getting through Covid 19, and is poised for a very strong rebound in Fall of 2022.
Students travel from all over the USA to be a part of the program and learn about the program from one of 18 referral agents across the country. Other marketing efforts focus on in-person meetings with education experts which have been unavailable during Covid. Each student can generate up to $100,000 in revenue for the business and the maximum capacity is 40 students.
In early 2020, the company was in the process of moving towards opening a second United States campus due to strong demand for the programs. That same opportunity will be available for a new owner when the time is right as all the systems are in place to succeed with multiple locations.
The business is staffed by seven FT individuals and 5-8 PT employees focused on delivering a variety of services. The owner is not a part of day-to-day
operations, but works when needed to train the coaches that interact with the students. Extensive documentation in the areas of coaching, student curriculum, parent curriculum, and courses written for local colleges have been prepared for the next owner to help with the transition of ownership.
The lead business broker at IBA for this company is Stephen Cohen. Mr. Cohen can be contacted directly at (425) 454-3052 or email@example.com.
- Asking Price: $1,950,000
- Cash Flow: $600,000
- Gross Revenue: $1,700,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The seller will provide an appropriate amount of transition training/consulting to smoothly transfer ownership of the business.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nevertheless, the true factor vs the one they tell you may be 2 entirely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is very vital that you not count completely on a vendor's word, yet rather, make use of the vendor's response along with your total due diligence. This will repaint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new customers? Many times, companies have repeat clients, which form the core of their everyday earnings. Particular variables such as new competitors sprouting up around the location, road building, and employee turnover can influence repeat clients as well as adversely affect future incomes. One crucial point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to construct a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean family earnings influence future income potential?