Make $1mm/yr with a Language School - Episode #157

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 Location: TX Stated Financials: $ 1M EBITDA | $ 3,800,000 Gross Revenue Asking Price: $ 4,000,000 Subscribe to our channel! ----- 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. ----- Acquisitions Anonymous episode 157 Show Notes: (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? Did you like this episode? Leave us your feedback in the comments! ----- Links: Subscribe to the podcast if you’d like to listen instead: https://link.chtbl.com/acquanon Looking to become a sponsor? Write us an email at [email protected] Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.