Listing ID: 70172
On going technology and STEM education business available for ages 2 and up. This business has bee operational since 2000 and has course offerings in art, music, summer camps and is currently a leading provider of STEM based education curriculum in the Memphis area. It offers a wide range of courses for pre-school, mothers day out, after school programs and computer labs. The teachers are experienced and have state issued certificates. This company has working relationships with most of the top schools in the Memphis area and can offer on site classes and in house field trips. Call Tom Gattas at 901-270-7017 for more information
- Asking Price: $200,000
- Cash Flow: $100,000
- Gross Revenue: $370,000
- EBITDA: N/A
- FF&E: $15,500
- Inventory: $116,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,750
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Stand alone office building used for operations
Seller will train and assist for two weeks for buyer orientation.
retirement and other business interests
There is a tremendous focus on education for our youth in America. Our children are our future and parents are determined to give our children the opportunity to augment their skills.
This opportunity is ripe for expansion with adding more teachers who are poised for taking a new directions in their career with the circumstances facing our nation.
The company was established in 2000, making the business 22 years old.
The deal shall include inventory valued at $116,000, which is included in the requested price.
The business has 9 employees and resides in a building with approx. square footage of 3,750 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. However, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is really vital that you not depend entirely on a seller's word, yet instead, make use of the vendor's response along with your overall due diligence. This will paint an extra sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new customers? Most times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain elements such as brand-new competition growing up around the area, road construction, and also employee turnover can influence repeat consumers and negatively influence future profits. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to build a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean house earnings impact future earnings potential?