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-----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.-----

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?

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