Listing Number: 76931-334320
Business was established in Sept 2015 with first license to operate being obtained in March, 2016, for the Houston branch. Owner put in substantial effort and presentations to develop an alliance with Texas Workforce Commission. Worked with local DARS rehabilitation officers, hope mansions, churches, school alumni and heavily invested on Digital marketing and automation systems. Typical Career School approval takes anywhere from 12-18 months, with an established branch to get through the process. All course work, material and catalogs were built from scratch by identifying job demand. SEO and digital optimization works so well that it brings and tracks records of 200-250 leads a month.
In August, 2017, they opened the San Antonio branch, then in January, 2018, they opened the Dallas branch. Owners strategy is to open one branch every year, which brings $70-100k in profits per location. 2018 resulted in combined sales of $400k, and SDE of $150-160k from 2 established branches, and the 3rd recent Dallas location which is still developing.
Owner has invested substantial time and effort to track all marketing, administration and management so locations can be run via absentee approach.
Expected SDE for the three current locations fully ramped up is $200k+ in 2019.
- Price: $799,000
- Down Payment: $500,000
- Sellers Discretionary Earnings: $200,000
- Total Sales: $420,000
- Location: Harris County, Texas
- Inventory: $10,000
- FF&E: $60,000
- Employees: 14
- Year Established: 2016
- Reason for Selling: Relocating
- Category: Educational/School