Virtual Summit Business in the Education Space | 60%+ Net Margins | Multiple Growth Opps
Launched in 2021, this business generates revenue via biannual online summits for kindergarten through second-grade school teachers. Educators have found the virtual summits to be a convenient and cost-effective solution to stay up to date on their profession and also to complete necessary continuing professional development requirements.
The business was started during COVID due to restrictions on meeting in person. The owners expected it to be a one-and-done event but demand has remained strong well after the end of the pandemic. The June 2023 event is expected to post the best revenue figures in company history.
A new owner with the time and energy to dedicate to sales and marketing has the potential to unlock real growth. For instance, an email list of over 30,000 users has not been monetized beyond the summits. Further, multiple requests have come in for a summit for third- through fifth-grade teachers. A simple copy and paste of the current business model has the potential to create a significant revenue stream beyond the current K-2 summit.
The business model is very attractive in that all the content is created by third-party educators. Participating in the summit is a win for these creators as it helps them build their personal brand while also receiving compensation as an affiliate for any sign-ups they drive. For the owners, this business model results in low-effort operations, high margins, and loyalty from both attendees and presenters.
A background in education is not necessary for the future owner. A strong manager is in place now who handles most of the day-to-day operations. She has not yet been made aware of the potential exit, but the expectation is she would want to stay on under new ownership. The owners are nearing retirement age and ready to start simplifying their lives. They will be happy to provide for training and support to the new owner.
Note: This business is not eligible for SBA financing.
