Acquisition Opportunities

For Sale: Profitable Ohio RV Dealer with $4.3 Million in Revenue

A well-established RV dealership in Ohio is for sale. This turn-key operation includes nearly 6 acres of real estate with a new 5,900 sq. ft. show room, office, and repair facility, plus service bays for up to six RVs.  This is an established business with repeat customers.  It currently employs 8 full time staff and 4 seasonal, part-time workers. The company is located in an attractive rural setting about 30 minutes from a major city with several parks and campgrounds within a 30 mile radius. The dealership operates with state-of-the-art customer management software and great equipment.

Products include several leading RV brands as well as a wide selection of used RVs.  The service business has grown significantly since the new facility was built and with a little marketing can grow even more. The dealership sells over 200 units a year. Price includes all assets of the business including real estate, furniture, fixtures, equipment and all RV and parts inventory.  The inventory is valued at approximately $1.6 million.  The real estate was recently appraised at $850,000.

2016 revenue is $4.3 million.  Adjusted EBITDA is $622,000.

Asking Price is $4.3 million (includes real estate and RV inventory).

Several floor plan companies are available to finance the buyout of the seller’s current new inventory (approximately 100 units at $1.6 million). Seller may be willing to finance the purchase of the used inventory depending on the buyer’s experience and other terms of the deal.

For more information contact Rich Jackim at rjackim@jackimwoods.com or (224) 51305142.

Nationally Accredited, Title IV, Allied Healthcare School – SOLD

THIS OPPORTUNITY IS NO LONGER AVAILABLE.  CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE

2016 Revenues (Est.): $2,400,000         2016 EBITDA (Est.): $343,000
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Investment Highlights:

Established Healthcare & Skilled Trades Programs – Medical Assistant–10 months, Licensed Practical Nurse (LPN)–12-14 months, Certified Nursing Assistant (CNA)–3 months, and HVAC Repair (HVAC)–12 months.

Major Metropolitan Market – The school has two campuses in a major metropolitan area in the Midwest.

High Placement Rates – 73% placement rate for its LPN program in 2015.

Fully Accredited, Title IV Institution – Currently accredited by ACICS and participates in Title IV program. Changing accrediting agencies to ACEN.

Excellent 90/10 Rate – The School’s 2015 90/10 rate was 60%.

Background:

Our client is a nationally accredited, Title IV allied healthcare career school established in 1997. The school offers allied healthcare and skilled trades programs. In 2016 the school has a total enrollment of over 300 students who attend the school’s two campuses located in a major metropolitan market in the Midwest. The school’s largest program is its licensed practical nurse (LPN) program with approximately 192 students which represents approximately 64% of school’s total tuition received.

Based on internal financial results through May 2016, management expects 2016 annualized revenues to be approximately $2.4 million and adjusted EBITDA to be $343,000. This is up 15% and 78% respectively from 2015.

The school is accredited by ACICS however management is in the process of changing accreditation to ACEN which they anticipate will be received before the sale is complete. The school’s founders have some minor health issues and are interested in retiring, however, they are willing and able to work with the buyer for a reasonable transition period or as consultants afterward.

Additional information is available to qualified principals upon receipt of a signed nondisclosure agreement attached. Download Client Profile and Nondisclosure Agreement.

Please contact Richard Jackim at (224) 513-5142 or rjackim@jackimwoods.com with any questions.

Profitable, Well-Operated Nursing School – SOLD

THIS OPPORTUNITY IS NO LONGER AVAILABLE.  CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE.

Investment Highlights:

Established Healthcare Programs– Including Registered Nursing, Licensed Practical Nursing, and Medical Office Assistant

Certificate & Degree Programs – Awards Associates degrees in Registered Nursing and Medical Office Assistant programs and certificates in its Licensed Practical Nursing Program.

Outstanding Educational Outcomes: Graduates of the RN and LPN programs had an impressive 87% and 98% pass rate on the state’s Nursing Board Exams, respectively.

High Placement Rates – 100% placement rate for all programs in 2015.

Fully Accredited, Title IV Institution – Accredited by Accrediting Council for Independent Colleges and Schools (ACICS) and participates in Title IV funding.

Good 90/10 Rate – 2015 Title IV funds were 81% of total revenues.

No Gainful Employment Issues: With 100% placement rates and high starting salaries, there are no gainful employment issues.

In 2015 revenues were just over $879,000.  Adjusted EBITDA in 2015 was $108,000.  Management expects 2016 revenues and EBITDA to be $839,000 and $184,000.  Management expects the Fall semester to be strong.  The RN class is expected to be full with alternates waiting. The LPN class is currently half full and still getting applicants.

The School is owned by a non-profit entity that operates two nursing schools. While the School is technically a campus of a multi-location college, it has its own OPEID number and is designated as a Main Campus. With margins in excess of 20%, a strong 90/10 rate, strong placement rates and no gainful employment issues, this school could be operated as either a non-profit or a for-profit career college.

Download Executive Summary & Nondisclosure Agreement.

For additional information contact Rich Jackim at rjackim@sportsclubadvisors.net or at 224-513-5142.