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Growing, High Profit Vocational School in Upstate SC
This dynamic vocational school is already a cash cow for the present owner, and has the potential to exceed one million dollars in profit over the next three years! The owner is presently absentee,...
Growing, High Profit Vocational School in Upstate SC
Reference # VS 80304 Upstate, South Carolina
Asking Price:
$995,000
Gross Income:
$309,000(est)
Cash Flow:
$258,000(est)
Downpayment:
$995,000(est)
Real Estate Value:
N/A
FF&E:
$25,000(approx)
Inventory:
$0
Business Summary
This dynamic vocational school is already a cash cow for the present owner, and has the potential to exceed one million dollars in profit over the next three years! The owner is presently absentee, to the point that some employees and students do not know who the owner is. The business serves a growing niche that in Upstate South Carolina, and the pricing is well below competitive vocational schools in the area. The business recently began accepting SallieMae financing, and this is causing profits to rise and revenues to grow.
The business serves students who desire this specialized trained in a rapidly growing industry. Furthermore, the school allows students to transfer credits from other schools, and allows students ot work at their own pace; these practices are unique to the industry. The school offers evening classes to students who are working during the daytime.
The owner has done little advertising; most students and customers come in by word of mouth. The owner has other business and ministry goals, and is selling to pursue them.
Building & Property
Building:
5000 sq ft
Monthly Rent:
$5000 per month
Real Estate Available:
Yes, but different owner and separate purchase
General Information
Reason for Sale:
Owner Has Other Interests
Franchise:
No
Support/Training-
Negotiable
Hours:
Mon 6p-10p Tues-Thur 9a-10p, Fr-Sa 9-5
Year Established:
2002
Financing Provided:
Bank or SBA
Employees:
FT: 3, PT:2
For complete information about this business for sale in SC, contact:
Empire Business Brokers, LLC
Craig Reimer, 864.238.6854
Empire Business Brokers, LLC 1361 W. Wade Hampton Blvd, Suite F, PMB #253 Greer, SC 29650 Office 864.241.0606 / Fax 864.751.5121
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