[Red]

We have a business purchase deal.

It’s a learning center in the Pacific Palisades area of Los Angeles. they offer single subject tutoring, entrance exams prep courses, reading, home schooling etc. They are able to charge 150-200 dollars an hour. Many students are long term and many are short term. The seller established the business in 2002 and it’s been in its current location since 2006. Very strong clientele and very experienced buyer.

The buyer’s credit is 660. Buyer is well established in the school district communities and has many connections with various education outlets. Her experience will help this business exceed the 2015-2016 sales figures.

Annual sales are $1.2-$1.4 million. Strong cash flow

Purchase price is $925k and they are looking to do 25% down.

Can someone get this done, and what you terms and rates would be for something like this?

[Kevin Henry-Seacoast]

We have a business purchase deal.

It’s a learning center in the Pacific Palisades area of Los Angeles. they offer single subject tutoring, entrance exams prep courses, reading, home schooling etc. They are able to charge 150-200 dollars an hour. Many students are long term and many are short term. The seller established the business in 2002 and it’s been in its current location since 2006. Very strong clientele and very experienced buyer.

The buyer’s credit is 660. Buyer is well established in the school district communities and has many connections with various education outlets. Her experience will help this business exceed the 2015-2016 sales figures.

Annual sales are $1.2-$1.4 million. Strong cash flow

Purchase price is $925k and they are looking to do 25% down.

Can someone get this done, and what you terms and rates would be for something like this?

Richard Gerard worked on a deal for an education business not long ago. He might be able to offer some guidance and frequents this forum. Richard is a great guy and very knowledgeable.

Best,

Kevin

[Iannad]

Does the client own any real property they could put up?

Ian G. Nadjari
Managing Director

Riverstrong Capital, Inc.
95 Wall Street
Floor 6
New York, NY 10005

Phone: (917) 983-9621
Email: Ian@RiverstrongCapital.com