Selling Your Private School
Schools are always of interest to investors. But selling...
Our firm is co-selling an iconic nationally accredited beauty and wellness school that is widely recognized as one of the preeminent cosmetology schools in the US. Specifically, the school is among a select number of the most elite cosmetology schools in North America (less than 20) who are members of the exclusive Sasson Academy School Connection.
Established over 25 years ago, this company has built an iconic brand and solid platform and is currently positioned for extraordinary growth and profits for new owners. For the past two years the business has made the Inc's 5,000 List of the fastest growing private companies in America.
The company's revenue has increased over 50% in two years from $1.9 million in 2013 to $3.1 million in 2015 and the company is currently on track to end 2016 with $4 million in revenue and adjusted EBITDA of +$1.5 million.
Headquartered in Florida, the company operates as a nationally accredited and fully licensed post-secondary career college, specializing in spa, beauty, fitness, and allied health sectors. The school was founded in 1991 and is registered as a limited liability company. The current owner acquired the company in 2003 and is the company's sole owner.
This business has established a history of excellence and is now in its 26th year providing students high quality educational services and products.
The company operates from two premier locations based out of Florida. Both locations are approved to accept Title IV federally funded financial aid programs. These financial aid programs began in 2014 with three Government approved programs and have now grown to 9 approved Title IV programs. In order to maintain government approval of Title IV funds a school cannot have a CDR (cohort default rate) in excess of 30%. This company is unique in its industry in that it has an extremely low CDR of approximately 5%.
The Company has an impeccable government audit track record with absolutely zero negative findings. Overall, the company's reputation as an industry leader among beauty and wellness schools in Florida is unsurpassed. The company's recurring student retention rate exceeds 85%.
This school also has prime geographic positioning. A rising number of Americans are heading to southern states, lured by a combination of warmer weather, affordable housing, lower taxes and less congested cities. Since 2014, more than 1.5 million people have moved to the Sunbelt, mostly from the Northeast and Midwest, according to census bureau data. For the first time in nearly a decade, Florida added more people than California between July 2014 and July 2015, which helped Florida emerge as the third most populous US state, jumping ahead of New York and following California and Texas.
This school is perfectly positioned for continued growth. The company receives a great deal of interest from prospective students overseas and heavy online traffic from such sources.
They are now authorized by SEVIS, ICE, and Homeland Security to provide student visas/I-20's. Their geo-proximity to South America and Cuba creates huge opportunity for growth.
MUD-Makeup Design schools are one of the most prestigious in the USA and MUD has just accepted this particular school as their Florida regional partner school. MUD is the # 1 make-up school in LA and NYC. This recent development can be a huge revenue booster for new owners.
The company also has the ability to expand their educational programs into curriculum such as: hair restoration, yoga instructor, acupuncture, hair replacement, and other profitable education courses that can be a big boost to future revenue and valuation.
This is a truly a unique opportunity to acquire an iconic brand that is perfectly positioned for continued growth in terms of revenue and valuation.
Click HERE for more information about the school.
NEXT STEP:
Contact HEG directly if you'd like to know more about this school. This one will sell quickly! Please refer to School No.3050 in your communications with HEG. You can contact us directly by email or calling our toll free number +1.800-687-1492.
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Schools are always of interest to investors. But selling...
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