Fully Absentee Day School For Sale!
| Asking Price: | $649,000 |
| Gross Revenue: | $500,000 |
| Rent: | $9,163/Month |
| FF&E: | $80,000 |
| Cash Flow: | $100,000 |
| Inventory: | $20,000 |
| EBITDA: | $100,000 |
| Established Year: | 2020 |
The current owners are selling because they have a growing family. They would LOVE to stay in this business and see it grow to its full potential, but they want to spend more quality time with their children.
The business has become FULLY ABSENTEE. The owners are not involved in the daily operations of the school. They meet with their management team once every two weeks to see how things are going. They have slightly over-hired, so any new owner could trim down the hours and number of their staff to save expenses, and also replace one or more managers to begin pulling in their salary. They have done some marketing online but not much guerrilla marketing at local events, mailed flyers, etc. to raise awareness. So, there is opportunity for a new owner to continue growing the business even more rapidly. The cost of opening a new school is similar to the sale price of our school. So, buying where it is now is more advantageous. Plus, there are typically large losses for the first few years of any start-up, which they have grown out of. The franchise team is incredibly supportive and some of their favorite people, who are always available to help via phone or email any time. They won't sell to just anyone, they must have similar values and a heart for the education and growth of their students, as well as their staff. Their student retention rate is high in that 95%+ of students stay with them year after year.
There is approximately $20,000 per year in add-backs for personal expenses which the new owner would not incur.
If you desire to work this business full-time then you could replace yourself with the two managers for an extra $80,000 a year.
Please note, that the EBITDA and cash flow is dependent on the new owners coming in, and replacing yourselves with two managers.
