Getting rich owning a school!? - With Prateek Aneja - Acquisitions Anonymous Episode 103

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://landing-newsletter.acquanon.com/-----Michael Girdley (@Girdley) and Bill D’ Alessandro(@BillDA) are joined by Prateek (@prateekaneja), we talk about 2 Government compliance moats where the first one is a healthcare college in California and the second one is a home healthcare business in Connecticut. Let’s take a deep dive into how to generate great margins by allowing the actual service-providing side of the business to maintain compliance with a great moat.-----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.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(00:00) - Introduction(01:28) - Our sponsor is Cloudbookkeeping.com(03:48) - First Deal: A Profitable Accredited California Healthcare College with title IV for sale(04:26) - What does Title IV mean? Why does it matter?(06:15) - What are the highlights of California Healthcare College?(08:29) - How profitable is this knowing that it has a good margin?(10:24) - What are the online trends in the market? Is this a different business or layered on the fixed cost base?(13:23) - Is it a good thing when the college has an impressive title composite score of 2.77 and a 90/10 ratio of 85%?(16:06) - How is the scale or lack thereof of this business?(17:45) - What are the risks of acquiring the business?(19:30) - Have they built a compliance machine?(23:11) - 300-year old School in South Francisco(26:21) - Second Deal: a nonmedical home care service in Connecticut(28:32) - What is so striking about Home Healthcare?(30:57) - How does this business interact with government money? Is it related to the Social Services that they offer?(31:55) - What are the Pros and Cons of federal and state governments funding low-income individuals as a revenue source?(37:57) - Why would someone consider this a good business?-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#96 From W-2 to Business Owner - Patrick Dichter tells us how to cold reach seller and we discuss 2 Deals#92 Wait... what? You laid-off 90% of your staff?!? - Pete Erickson joined us for an exciting WarStories episode!#87 Yelp is not evil! Building a business using digital CAC - Featuring Johnny Robinson from Orange Window CleaningSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]