Successful and Stable Nurse LNA/CNA Training School - NE US

New England

Seller Financing Available
Successful and Stable Nurse LNA/CNA Training School - NE US
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Asking Price: $950,000

Cash Flow: $293,912

Gross Revenue: $1,277,753

EBITDA: $293,912

FF&E: $10,000

Inventory: N/A

Established: N/A

Successful and Stable Nurse LNA/CNA Training School - NE US

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Business Description

This LNA/CNA school has been successfully training assistant nurses for over 15 years in the Northeast United States. The company has an excellent reputation with students, offering a 95%+ course pass rate. The school is also highly regarded and respected by the state board. All of the company’s nurse instructors have prior experience providing professional care, have been through the company’s extensive training program, and are approved by the state.

The steady stream of recurring revenue provided by the student payments has resulted in a financially stable business. For the last four years from 2014-2018, the company’s annual revenues have not varied more than 10%, and Adjusted Cash Flow has grown steadily, ending near $300,000 in 2018 as verified through tax returns.

Staff includes an administration team plus certified teachers who are available on demand. The owner has successfully started and run this business the entire time with limited business ownership experience. While many businesses may claim the potential for remote or passive ownership, this business has successfully been operated for several years from a long distance while maintaining good financial health.

The macro trends for this industry are positive and improving. There is an ideal combination of increasing demands for nursing care driven by aging baby boomers against a limited supply of certified nursing assistants. Inflated costs of higher education elsewhere make nursing school an ideal option for students of varying ages, who can typically expect immediately employment at competitive wages upon graduation. Unlike some larger for-profit, accredited/Title IV schools, this school relies almost entirely on private pay, and is not subject to the regulatory pressures facing Title IV schools. These trends will likely continue to benefit this business.

Interested buyers will be required to complete attached NDA and personal financial information before additional details are provided.

Attached Documents


Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Classroom and clinical training takes place in facilities throughout the region; the company leases some of those locations (no real estate is included in this offer). Classrooms are fully equipped with simulated clinical rooms, complete with semi-electric beds, hand-washing facilities, wheelchairs, walkers, lifts and all other supplies necessary to provide a positive, hands-on learning environment.
Competition:
The macro trends for this industry are positive and improving. See details in Summary section above.
Growth & Expansion:
There are many possible ways a new owner might grow the revenue and or profit of the business. Some opportunities include introducing new courses of study, providing an online, web-based program, expanding into other regions or partnering with other schools.
Financing:
Owner is willing to provide 25% seller financing for qualified buyers
Support & Training:
The owner will provide appropriate transition for a new owner. Experienced staff will also assist with daily operations.
Reason for Selling:
Retirement
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Business Listed By:
Cory Hogan

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