-
$430,000
Sold For
-
$800,229
Revenue
-
Yes
SBA Financing
Professional Vocational School specializing in Software Development & Coding Training with 2 Southern California campuses is available for acquisition.
The program is in a bootcamp format with a highly focused dynamic curriculum teaching programming languages and techniques that are in the highest demand in today’s job market. Independent Market Reports show this industry growing at a sustained rate of 20%. The school is fully licensed and compliant with CA state requirements.
Financial Summary
| Summary | 2018 | 2017 | 2016 |
| Revenue | $800,229 | $494,584 | $53,930 |
| Cost of Goods Sold | $222,743 | $0 | $18,678 |
| Gross Margin | $577,487 | $494,584 | $35,252 |
| Operating Expenses | $399,769 | $397,930 | $96,464 |
| Net Profit | $177,718 | $96,654 | -$61,212 |
| EBITDA | |||
| Owners Benefits | $40,344 | $25,609 | $21,382 |
| Discretionary Earnings | $218,062 | $122,263 | -$39,830 |
The bootcamp is a highly focused 12 week full time program that includes 2 weeks or career instruction and counseling. The school has a documented 80% job placement within 90 days of graduation and average starting salaries of $65,000. Student loan financing is available to students.
Classes are taught by experienced software developers/coders and the company has a full time business development person for sales and student registration.
- $800,229 sales
- $218,062 Discretionary Earnings
- Classes are taught by staff – experienced coders and software developers.
- SBA Financing available for qualified buyers
- $89,035 down with SBA Financing
- Asking $430,000
- Excellent Books & Records, minimal add backs
Buyer Qualifications:
The new owner need not be an experienced software developer but should be conversant with technology and have an understanding of the market. The new owner would not need to teach coding classes and could focus on business development, marketing, and general management.
Reason for Selling:
The seller is returning to full time consulting as a software developer and wants to spend more time with his family and new baby.