Vocational School in Beauty Industry for Sale - Central California

A great opportunity to purchase a very profitable and well-established, recession-proof Vocational school. Accredited by the NACCAS and recognized by the U.S. Department of Education which only does business with accredited schools. It's situated on a 2-acre lot with plenty of parking and operated out of a 20,000 square foot build-out facility that includes a spacious clinic floor for intermediate & advanced training, student lounge, and classrooms. As per seller's financials: Annual Revenue for 2021: $5,007,184. EBITDA: $2,700,000 - great books and records! (school goes through extensive Annual Compliance and financial audit). The seller will stay on board to train the new Owner. They offer financial aid to those who qualify through the Federal Student Aid program. The school derives a substantial portion of its revenues from financial aid received by its students under programs authorized by Title IV of the HEA (Higher Education Act), which are administered by the US Dept of Education. In order to participate in the programs, the school must comply with the regulations promulgated under the HEA. The college repeatedly demonstrates that it is financially responsible, as defined by the general standard required by the HEA. The Buyer must have $1,750,000 in seasoned cash and excellent credit. The Buyer must go through the accreditation application process with the Department of Education, approval. Disclaimer: The buyer is encouraged to take the necessary steps to conduct due diligence before committing to the transaction. This information has been provided by the seller of the business and has not been verified by the listing agent/broker. This information is subject to errors and omissions in price, projections, opinions, assumptions, future estimates, and other conditions such as lease or financing, or changes or withdrawal without notice. Potential clients/buyers are advised to seek professional help from their accountants and attorneys before purchasing or investing in a business/property. Location: Stanislaus County, California Year Established: 2008 Number of Employees: 30 Franchise: Yes Real Estate: Owned Building Sq. Ft.: 20,000