
Project Careers – Highly Profitable Career College ($6.2M EBITDA)
Price: $24,000,000
Location: Northeast
Industry: Educational Services
Listing ID: ED-IMBC22
Listing Status: New
Project Career is a large, multi-campus, for-profit, Title IV career college with over 700 students. Since 1995, this school has trained students for careers in healthcare, dental assisting, veterinary science, business, law, and the trades. LPN and RN nursing programs are in development and expected to be ready by the end of 2023.
Total Sales: $12,500,000
Cash Flow: $5,200,000
EBITDA: $5,200,000
Type of Location: Leased
Square Footage: 55,800
Relocatable: No
Reason For Sale: After 40 years of operating career colleges, the owners want to retire and pursue their personal interests.
Training & Support: Yes
Potential Growth: The college is introducing a new LPN and RN program and a CDL program, which are expected to go "live" in 2023 and 2024. Significant growth opportunities are also available by continuing to add courses to the school's fast-growing online campus.
