Highly Profitable Ontario-Based Accredited For-Profit Career College With Coveted DLI Number For Sale
Our client is selling their profitable, fully accredited, for-profit vocational career college in the desirable Toronto, Ontario market. It offers high-demand certificate and diploma-level, as well as post-graduate career training programs in Business, IT, Healthcare, Management, and Hospitality and Tourism. They are authorized to issue study permits for international students and offer popular 1- and 2-year diploma-level programs. They are registered with the Ministry of Advanced Education and Skills Development and are pending Ontario Student Assistance Program (OSAP) financial aid eligibility and a Designated Learning Institute number. Notably, ownership shifted to enrolling international students, leveraging their DLI number and high-demand programs, which positively impacted enrollment and profits, tripling to 95 students in 2017 and doubling to 175 students in 2018, resulting in a 76% year-over-year enrollment growth. The college demonstrated above-market profit margins in 2017, resulting from its international student recruitment strategy, with revenue increasing 255% to $ 650,000 and $ 350,000 EBITDA (a 55% normalized EBITDA margin). Building on demand in 2018, the college expects to reach $1.75M in revenue & $1.35M EBITDA (77% normalized EBITDA margin). Based on continued demand in 2019 (& prepaid enrollment collected in 2018), enrollment & revenue growth are projected to increase 60%, reaching 285 students & $2.6M revenue & $2M EBITDA (77% normalized EBITDA margin). This represents a remarkable 200% enrollment growth rate over a three-year span (2017-2019). Ownership continues to expand revenue channels, enrollment, and profits with the addition of local students via the imminent OSAP (financial aid) authorization, HRSDC 2nd career student funding, and expansion into Quebec for students receiving Post-Graduate Work Permits. Moreover, they are establishing a presence in China to further boost enrollment and revenue in 2019 and beyond. Accordingly, this college is well-positioned to maximize profits and growth for new ownership, offering an extremely desirable platform for short-, medium-, and long-term growth. Everything is in place for new owners to benefit from a premium turn-key accredited career college in the lucrative GTA market.
Highlights:
- Premier Canadian Private Career College Located In High-Demand Toronto Market & recognized as a top business college in its region.
- Clear Avenues For Continued Growth In 2018 With Enrollment Increasing 76% Y-O-Y & Expected Profits Of $1.75M Revenue & $1.35M EBITDA.
- Growing Revenue Channels For 2019 With 77% EBITDA Margins & $2.6M Revenue & $2M EBITDA Forecast.
- Registered DLI Number & actively enrolling international students.
- Accredited Certificate, Diploma, & Post-Graduate Diploma Programs in IT, Healthcare, Business, & Hospitality & Tourism.
- Offering Coveted Co-Op 1- & 2-Year Programs for international students.
- Consistently Maintaining Clean Regulatory Audits & Rating resulting in ongoing designation by the Ministry of Advanced Education.
- Local Students Eligible For Financial Aid thru forthcoming OSAP eligibility.
- Modern Facility in heart of vibrant GTA market, near major transit lines, & student accommodations.
- Professional Team Of World Class Instructors recognized as industry veterans, offering one of North America’s top faculties.
- Turn-Key Management Team in place to support operations & transition for new ownership.
Next Step:
Contact HEG directly if you would like to know more about this Canadian Career College. Please refer to School No. 3682 in your communications with HEG. You can contact us directly by email or our toll-free number at +1.800-687-1492
