Listing ID: 76615
This online real estate training school has been serving the Colorado market for over 50 years, but the current owner has been winding down his efforts in marketing the business as he looks toward retirement. The business has a client database with over 13,000 email addresses and a high proportion of the sales volume comes from repeat clients who come back year after year for the state-mandated continuing education.
The Intellectual Property that will transfer with this business includes four well-seasoned Web domains, a full suite of approved course materials for both online and in-person instruction, and a vast database of client data. Courses include Real Estate Broker, Property Manager and Real Estate Appraiser, plus Continuing Education for all licensees. All coursework is approved by the State of Colorado for online and in-person learning.
The “heavy lifting” of achieving state approvals and course development has been done. A new owner could capitalize on this groundwork by ramping up marketing to acquire more pre-licensing clients. Because a high percentage of those who do their pre-licensing study through this school return for continuing education, this would have both an immediate effect on sales, and a residual income effect as those new licensees create a larger pool of CE clients.
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $60,000
- Cash Flow: $9,922
- Gross Revenue: $60,813
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Yes, 2 weeks
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 completely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is extremely vital that you not rely absolutely on a seller's word, yet instead, make use of the seller's response together with your overall due diligence. This will repaint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Many organisations fall under 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 consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new customers? Often times, operating businesses have repeat customers, which form the core of their daily revenues. Particular aspects such as brand-new competition growing up around the location, roadway construction, as well as staff turn over can impact repeat consumers as well as negatively impact future incomes. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the regional average family earnings impact future income potential?