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#Business ID: 10426

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Instructional Business - Absentee Owner

Business Location: Chicago Area, Illinois, United States

Asking Price: $ 2,995,000 Revenue: $ 2,862,050 Cash Flow: $ 991,303

[Furniture / Fixtures included]

Business Summary

Absentee run Instructional Business for sale in IL. Business revenues come from live instruction and seminars. Business owner believes this Niche business has very little competition in the area and is poised for future growth with a more active owner. Very loyal full time manager, instructors and staff in place. Owner spends less than 5 hours per week at the business in meetings with the manager and overseeing financials. Business revenues have increased 40% from 2010 as a result of more targeted marketing programs. Net owner cash flow is up over 100% from 2010 which include new marketing and cost cutting measures. Significant opportunities to expand just in the area and double current revenues. Current owner needs to spend more time with his other multi-million dollar businesses and is willing to part with this very profitable business with the right qualified buyer. Business has over 300K+ in collectable receivable which will be included in the sale. 2012 sales are strong.

Property Details

FF&E:

$ 53,000

Other Business Details

Premise Details:

Office

Competition:

Very little. Barrier to entry is very high.

Expansion Potential:

Yes

Business Operation Details

Employees:

6

Support & Training:

30 days

Miscellaneous Details

Financing Available:

Yes
Up to $750,000

Reason For Selling:

Owner has other businesses

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