Franchise Beauty School W/ Federal Financial Aid

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Asking Price:
$2,500,000

Gross Revenue:
$2,200,519
Cash Flow:
$408,128
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This full-service franchise beauty school is located in a busy Bay Area mall. It has a current enrollment of over 120 students and is one of the top performers nationwide in its franchise network. Established in 2010, it offers cosmetology, esthetics and make up programs. It has a onsite beauty salon where supervised students can practice on clients. It has the hard to get Title IV accreditation and is qualified to offer federally-backed student loans. The price includes $1.5MM accounts receivables, primarily from the federal government, and accounts payable of $200K. Revenue has been trending up for the past three years. SBA loan pre-approved. Ref# 8632

About the Business

Location:
California
Year Established:
2010
Number of Employees:
22
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
8,315
Rent:
$31,929.60 Per Month
Lease Expiration:
5/31/2027
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About the Sale

Reason For Selling:
investing partners pursuing other opportunities
Training/Support:
3 weeks

Listing Info

ID:
1564152
Ad Detail Views:
147

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Business Listed by

Michael Floorman

Business Team-SJ
License# 01160661

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