Asking Price: $675,000 Gross Revenue: $755,127Cash Flow: $222,676 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
They started operations in 2011 and has authorization and licensing from the state of Tennessee. The school has national accreditation along with approval from the US Department of Education to offer Title IV to their students. This institute offers a full cosmetology program that starts new classes each month that last 12 months for full-time students and 16 months for part-time students. The school has two full-time employees. One full time employee handles admissions and financial aid and the other is an instructor that also manages part time staff and school operations. They also employ five part-time employees that teach the remaining classes. The owner works from home on maintaining accreditation, somewhat absentee. They operate out of a beautiful 5,600 sq. ft. facility that was custom built for the school.
About the Business
Number of Employees:
The owner rents a large section of a facility. They operate out of 5,600 sq. ft. with a lease that runs until late 2024. They also have an option to purchase the building.
There is very little competition in the area. This is a unique and niche market.
Growth & Expansion:
There is great growth potential for this school. Located in a rapidly growing market, the need for these types of services/degrees is constantly increasing. They currently do very little marketing and the current owner has a plan for expansion for a new owner.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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