Highly Profitable Degree-Granting Career College - UNDER CONTRACT

Seller Financing Available

Highly Profitable Career College
Asking Price:$26,000,000
Gross Revenue:$14,401,703
Rent:$51,000/Month
FF&E:$761,104
Cash Flow:$5,910,294
Inventory:$65,458
EBITDA:$5,910,294
Established Year:1995
BUSINESS DESCRIPTION

INVESTMENT HIGHLIGHTS

• Nationally accredited, Title IV degree-granting institution
• 28-year operating history
• Two campuses plus fast-growing online programs
• 15 different programs
• Clean regulatory record
• Outstanding educational outcomes
• Integrated animal hospital as part of its vet tech program
• 22% CAGR over the last six years

DESCRIPTION

Want to benefit from the long-term shifts in student preference for career-based training programs rather than traditional 4-year college degrees? Want to enter into the highly profitable, fast-growing online career training sector?

Our client (“Project Career”) is a degree-granting, Title IV vocational college. Since 1995, this college has trained students for careers in healthcare, dental assisting, veterinary science, business, law, and the skilled trades. Its new practical nursing program is expected to go live by Q1 2024.

Located in the Northeast, Project Careers has over 731 students attending its two campuses and fast-growing online programs. The college offers 15 degree and diploma programs. Its healthcare programs, including Medical Coding (273 students), Medical Administrator (130 students), Health Sciences Support (160 students), and Medical Assisting (46 students), are the most popular programs. The college’s graduates have no problem finding good-paying jobs, as evidenced by the school’s 88% placement rate.

The college has 65 employees, including 25 management and administrative staff and 6 full-time and 27 part-time instructors.

Project Career is accredited by the Accreditation Bureau of Health Education Schools (ABHES), the Gold Standard for accredited schools with allied healthcare programs. The college has a spotless regulatory record with ABHES, the state board of education, and the U.S. Department of Education.

THIS DEAL IS UNDER LETTER OF INTENT, SO IT IS NO LONGER AVAILABLE.


DETAILED INFORMATION
Inventory
Included in asking price
Real Estate
Leased
Building SF
55,000
Employees
65
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
THIS DEAL IS UNDER CONTRACT AND IS NO LONGER AVAILABLE
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Richard
Jackim
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Richard Jackim