Contact: Glen Toadvine
Email: [email protected]
Your Reference ID: GT1050119
This attractive Michigan business has been profitable each and every year of its successful 30 year history. The business is unique in that it provides classroom instruction to clients that are referred to the business through court order. The company conducts classes taught by part-time (1099) facilitators in rented classrooms. The facilitators have varied backgrounds including MSW’s, educators and off-duty policemen to name a few. Importantly, the company also offers on-line courses which now comprise approximately 15 – 20% of total revenues. The on-line courses are hosted and designed by nationally recognized licensor but managed by the business.
This is a turn-key operation with some 10-12 part-time, active instructors. The course curriculum and schedules for the year are already in place. An energetic buyer will have the opportunity to expand the business beyond the scope of current activity with which the existing owners are satisfied.
The business is currently located in a single 1,000 square foot office located in the Metro Detroit. The office may be leased, or the business may be moved to a location of the buyer’s choosing.
The business has no inventory or accounts receivable to buy or maintain as clients pay in full before starting physical or on-line classes. There are also no capital expenditure requirements the company has an extensive purpose-built database and an updated server along with new work stations. The company has a single full-time employee and the owner works part-time 8-10 hours a week.
The business generates more than $100,000 of SDE (seller’s discretionary earnings – the cash flow available to pay an owner-operator and service debt) on nearly $350,000 of revenues. The attractive offering price of $300,000 is less than a 3.0x multiple of SDE. In addition, a meaningful seller note will be available for qualified buyers. To learn more about this excellent, niche business opportunity, please contact Glen Toadvine (firstname.lastname@example.org).
Location(s): Southeast Michigan
Asking Price: $300,000
Cash Flow: $105,000