The company is a well-established, explosively growing fundraising business providing full-service fundraising, focused on participant leadership and fitness, to schools & PTA’s in the Fort Worth, Texas and surrounding areas. The program has grown explosively because: 1) the company runs a hassle free start to finish fundraising program (relieving the school or PTA leadership from operating the program) and 2) the company has a PROVEN track record of raising more money than other fundraising solutions. A new owner-operator has many growth opportunities and will build on the existing strong team of youth service minded, enthusiastic employees.
If you have been involved in organizing and administering a school fundraising program, then you already understand the challenges to parents/volunteers: need to run fundraiser from start to finish, estimating quantities, making sure all money is in, sorting and delivering products, dealing with order mistakes, etc.. Based on survey results – teachers, parents and PTA’s much prefer this fundraising system over any other fundraising option (eg candles, cookie dough, gift wrap, chocolate bars, ….). This program typically raises average 70% MORE net to the School or PTA.
The program is contracted with school Principals or PTA's (Parent Teacher Associations). As owner of this business you will provide a hassle-free fundraising program for schools that combines the power of a strong youth leadership curriculum while promoting fitness. Students love the program and so do the parents, teachers and school administrators. In fact, the business enjoys 95% approval ratings by teachers and school administrators and a 93% rebook rate. On average 70% of new business comes from referrals through existing clients. The seller's business plan shows 30% annual growth for the next several years with the potential to SIGNIFICANTLY beat this.
The asking price for the assets of the business is $700,000 with $140,000 cash at closing and $560,000 bank financing to a qualified buyer. Seller will consider up to $140,000 seller financing to a qualified buyer approved by the seller for 5 years at 6% (monthly payments of approximately $$3,867/mo). All financing is to be personally guaranteed. The assets include inventory at cost of $5,000, Accounts Receivables of $0 and FFE (Furniture, Fixtures and Equipment) valued at ~$60,000.
Asking Price $700,000
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