Acquisitions Anonymous - #1 for business buying, selling and operating This RV Training Business Prints $3M a Year
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Sep 26, 2025 The hosts delve into a lucrative RV technician school generating $9.5M in revenue and $2.85M in profit. They discuss the significant regulatory barriers, including VA program approvals and specialized facilities that create a competitive moat. Key revenue streams from training programs and the crucial real estate aspects impact valuation. Insights on student demographics and the risks tied to VA funding highlight the program's complexities. Overall, they assess the business as a promising venture with careful attention to buyer structure and market dynamics.
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Market-Leading Niche With Strong Moat
- The RV technician school is the largest in North America with $9.5M revenue and $2.85M profit, showing a strong niche moat.
- It benefits from regulatory barriers, VA approval, and specialized real estate that competitors can't easily replicate.
Always Underwrite The Real Estate
- Never value the business without accounting for the on-campus real estate that is "part and parcel" to operations.
- Either model market rent into EBITDA or assume you must buy the property when underwriting the deal.
Son Learns Mechanic Work By Fixing A Truck
- Bill tells a story about his 19-year-old son buying a used truck and learning mechanical skills by doing repairs.
- The anecdote illustrates hands-on learning and why trade skills like RV tech work are valuable.