Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) talk about a 38-year-old Language School located in Houston, Texas. We talk about how this business works in-depth. This business has a tailwind situation due to its location and a state-imposed Moat. We will also find out what about this company's customer service and marketing makes it stand out from the competition. Lastly, we will give our verdict.
Company: 38-year-old Language School
Stated Financials:$ 1M EBITDA | $ 3,800,000 Gross Revenue
Asking Price:$ 4,000,000
Thanks to our sponsors!
CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.
(00:00) - Introduction
(00:30) - Our Sponsor is Cloudbookkeeping
(01:57) - It's Girdley’s birthday! Friendly banter
(03:20) - How do language learning classifications work?
(07:25) - Deal & financials: 38-year-old Language School
(09:09) - What do we think about this deal?
(09:35) - Is it true that people in America are very interested in personal development?
(11:49) - Why is location so important for this business?
(15:18) - How hard is it to get a license in Texas?
(17:45) - Are these licenses transferable?
(18:49) - What makes this business so attractive from a customer and marketing perspective?
(22:52) - Why should you have your accounting audited?
(25:20) - What happens to industries that get regulated?
(26:34) - Should we prefer virtual or in-person learning environments?
(29:55) - Do we like this deal?
(30:28) - What’s very inspiring about having a school like this?
Additional episodes you might enjoy:
#156 - 60% Profit Margin Amazon Online Community for Sale
#155 - A $3mm profit-a-year water delivery business!
#154 - A Truck Driver School for sale in Texas
#153 - Will Bill buy this company for Girdley’s Christmas present?
#152 - Should we buy this Ambulance company?
#150 - Let’s buy a medical staffing business
#148 - Growth Marketing explained: Shopify Superfood Greens Brand with 40% subscription rate w/ Baller Jesse Pujji