Company Name: Technical Career Training
Transaction type: Buyer / Seller Transaction
The Company is a career training and job placement technical college with an average student enrollment of six months. They specialize in various certification programs in high demand local industries. In addition to training clients for the various certifications, they offer coaching, recruiting services, certification testing, classroom facility rental and job placement assistance. The Seller is the founder and sole shareholder. The semi absentee Seller performs minimal duties and coordinates minor marketing efforts. A strong administrative staff handles the day-to-day activities. The enrollment department consists of a sales manager and 2 interviewers. Accredited full-time in-house and contract instructors provide the instruction.
The business is located in leased class 'A' office and classroom space. The current lease is assumable and extendable. The facility is very professional with excellent freeway access and transit service nearby.
The company competes with public and private vocational schools. Quality, speed, efficiency and placement give this company the edge.
Growth and Expansion
The Company is on a fast track to full accreditation allowing students to apply for federally insured student loans as well as other avenues for financial aid not currently available. The Seller feels this would greatly enhance the ability of the business to increase the enrollment rate.
Reason for Selling
Seller is semi absentee and cannot devote more time to the business.
Support and Training
The Seller will provide excellent training and transition assistance. The Buyer Candidate should have a business management and marketing background with a dedication to customer service.
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