Hello Searchfunder community,
I want to acquire an educational facility managed out of Florida and virtually. The academy focuses on tutoring services for athletes, high-net individuals, or students seeking alternative education models. I am currently the CFO (been employed for four years and was a client previously) and am looking for financing options since I am not an American citizen or resident and don’t have access to SBA loans. The deal is currently under an LOI. The current owner will stay on board for one year for a complete transition.
The financial performance from 2019 to 2021 has been positive, even thru COVID. Revenue averaged $3.86 million during this period, and EBITDA averaged 1,400,172 after add-backs. A conservative forecast shows sales increasing for the next six years to $7.48 million.
That said, I am looking for a strategic partner to whom I am willing to give majority equity. Liability is something that we could address through the partnership agreement. Also, this could be structured as a buyout which we could further discuss if interested.
Please reach out if interested or if you know any funds/investors/partners that might be interested in learning more about the opportunity.
Thank you! Jose Bonetti --@----.com