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Posted By App4England Awards on 09/08/2018 in Other

Apprenticeship Provider – South Coast – £750,000


Description

Business DescriptionHealth and Social Care/Business Admin/Team Leader/Management

Contracts for 2018-19: ESFA Non Levy Direct Contract £594k


ESFA AEB Contract £184k


Turnover to March 2018 £1,521 K

EBITDA to March 2018 £ 423 K


Estimated Turnover to March 2019 £ 900 K

Estimated EBITDA to March 2019 £ 250 K


The business has made redundancies in early 2018 and downsized to meet their ESFA contract values; it will continue its long tradition of 25% EBITDA.


The Owner wants to exit the business within a reasonable timeframe and intends to leave the sector. They will be flexible in any handover to ensure the smooth transition of the business and staff. There is a strong management team who manage the company currently without the supervision of the Owner.


Very sensibly priced at 3 x Projected 2019 EBITDA (equivalent to 1.77 x Actual EBITDA for 2018) for a completion in 2018.


SALE PRICE £750,000




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Status For Sale
Type of Property Other
Price £750,000

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Member since 15/10/2017

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