Ad ID: 1936
Added: January 25, 2020
Sale Price: $660,000
Condition: Running Business
Location: United States
City: District of Columbia
Established Since: 1999
Employees Size: Sole Owner
Annual Sales: $300,000
Business Entity type (Pvt, Public, LLP): LLC
After sales Support & Training: The owner is willing to provide training on the entire cycle of the business and is open to maintaining a continued role with the company.
Building Deposit: n/a
Building Rent: n/a
Electricity bill pm: n/a
Miscellaneous Expenses: n/a
Internship and Study Abroad Program
Founded in 1999, the Institute has placed over 1,150 students into internships, study abroad programs, and gap year programs in the US and 22 other countries. The Institute is recognized as an industry leader in customized placements and has partnered with top universities such as UC Santa Barbara and San Francisco State.
Students hire the Institute to locate educational or internship positions and to facilitate their accommodation. The Institute supports its clients with an orientation program as well as weekly follow up throughout the duration of the placement. The Institute is relocatable and utilizes remote, contract labor from around the world. Since 2016, the Institute has successfully located over 230 internships; this has resulted in an average annual revenue of approximately $300,000 and average cash flow of $175,000. Current revenue is based on the owner working part-time/seasonally with a heavier workload from November to March.
The industry is unique in that student demand for services exceeds the current capacity from existing service providers. Larger providers handle up to 2,000 students per year and 17m gross sales. The Institute has the marketing plan and connections to expand toward those numbers. An established track record is critical for expansion in this industry as participants rely on student referrals to choose programs and the Institute has a twenty-year track record.
For the first time since its inception in 1999, the Institute is open to offers to invest and/or acquire. The Institute has enjoyed significant financial success. Since 2017 the Institute has relied exclusively on private referrals for new customers and has expended minimal budget on advertising. The Institute has recently redeveloped its website and is ready to embark on a digital marketing campaign and partner with universities and study abroad websites to drive growth. The Institute is highly scalable, may be franchised, has significant growth opportunities, and has an excellent reputation and relationship with many important industry leaders.
The owner is willing to provide training on the entire cycle of the business and is open to maintaining a continued role with the company.