Asking Price: $6,900,000 including property
Annual Revenue: $4,400,000
Annual Cash Flow: $1,300,000
Required Down Payment: $1,350,000
A great opportunity to purchase well established, recession proof Trade school dealing in beauty industry. They offer Comprehensive programs, everything from Cosmetology, Esthetics to barbering or even teacher training. School is accredited by the National Accrediting Commission of Cosmetology Arts & Sciences and recognized by the U.S. Department of Education which only does business with accredited schools.
It's situated on a 2-acre lot and operated out of a 20,000 square foot build out facility that includes a spacious clinic floor for intermediate & advanced training, manicure room with spa chairs, waxing room, facial room, student lounge and classrooms.
They offer financial aid to those who qualify through the Federal Student Aid program. The school derives a substantial portion of its revenues from financial aid received by its students under programs authorized by Title IV of the HEA (Higher Education Act), which are administered by the US Dept of Education. In order to participate in the programs, the school must comply with the regulations promulgated under the HEA. The college repeatedly demonstrates that it is financially responsible, as defined by the general standard required by the HEA.
Buyer must have $1,350,000 in seasoned cash and excellent credit. Buyer must go through accreditation application process with the Department of Education, approval and training process through Franchisor.
Disclaimer: The buyer is encouraged to take necessary steps to conduct due diligence before committing to the transaction. This information has been provided by the seller of the business and has not been verified by the listing agent/broker. This information is subject to errors and omissions in price, projections, opinions, assumptions, future estimates, and other conditions such as lease or financing, or changes or withdrawal without notice. Potential clients/buyers are advised to seek professional help from their accountants and attorneys before purchasing or investing in a business/property.