Highly Profitable, Degree-Granting Nursing School
Industry: Educational Services
Listing ID: ED-21-4
Listing Status: Under Contract
• Nationally accredited
• Degree-granting vocational college
• Title IV participation
• LPN, RN & BSN nursing programs
• ABHES accreditation
• Major metropolitan market
• Over 100 clinical locations
• In business for over 15 years
• Spotless regulatory record
Our client is a mid-size private, for-profit nursing school located in a large metropolitan market. Founded over 15 years ago, the school offers in-demand nursing programs and extremely high NCLEX pass rates.
The college has impressive educational outcomes, with strong retention rates, high graduation rates, high placement, and near-perfect NCLEX pass rates. Graduate and employer surveys consistently give the school high marks. The school participates in the Title IV student aid program and has always had a 90/10 ratio below 70%. The school has a spotless regulatory record with no complaints filed against it with its accrediting body or the U.S. Department of Education.
The college has four (4) full-time and 29 part-time instructors. The college’s campus is located in a Class A office building in an affluent suburb. Its lease is effective through June 2025.
WANT TO LEARN MORE?
A detailed offering memorandum and audited financial statements are available to qualified principals upon receipt of the attached nondisclosure agreement. Proof of funds and experience in the education industry may be required.
Total Sales: $2,666,000
Cash Flow: $486,000
Lender Pre-Qualified: Yes
Absentee Owner: No
Type of Location: Class A office building
Terms and Conditions?: CAPITAL REQUIREMENTS
Because Title IV schools are highly regulated, a buyer will need $4.6 million in available funds to acquire this school. This amount includes the purchase price, plus working capital in the amount of $500K, plus a letter of credit in the amount of $390K filed with the U.S. Dept. of Education.
Reason For Sale: After operating the school for 15 years, the school’s owners retained Jackim Woods to sell their school so they can
After operating the school for 15 years, the school’s owners retained Jackim Woods to sell their school so they can
Training & Support: The sellers are available to assist with a reasonable transition period.
The sellers are available to assist with a reasonable transition period.
Owner Qualifications: Our client would strongly prefer to sell to someone who has prior experience operating a degree-granting, Title IV vocational school.
Our client would strongly prefer to sell to someone who has prior experience operating a degree-granting, Title IV vocational school.