Business Overview

A globally well-known franchise educational learning center in the Tulsa area is available for acquisition.

• Over 43 years of proven success and leadership in the tutoring and test prep industry
• Family-owned and operated business with a mission to give every student the best education possible
• Strong emotional return on investment improving the lives of students and families in your community
• Unparalleled franchisee support means you’re in business for yourself, not by yourself

• Highest grossing tutoring franchise
• Between 2009-2016, franchise revenue increased an average of 32%.
• The New York Times called tutoring “immune to recession” because parents prioritize their children’s
education
• Multiple revenue lines and repeat customers, as they provide services spanning the life of students’
education from Kindergarten to 12th grade.

One of the biggest competitive advantages this business has is its unique tutoring programs that can be tailored to fit each individual child’s unique needs, academic goals, and schedules.
Ranked #60 in the 2020 Entrepreneur Top 500 Franchises list.

Great Potential, Simple to Operate, Proven Programs that Accelerate Results!

Financial

  • Asking Price: $175,000
  • Cash Flow: $90,000
  • Gross Revenue: $348,356
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,700
  • Lot Size:N/A
  • Total Number of Employees:23
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The company was established in 2011, making the business 11 years old.

The business has 23 employees and resides in a building with estimated square footage of 1,700 sq ft.
The building is leased by the business for $1,901 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell operating businesses. However, the real reason vs the one they tell you may be 2 entirely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of various other factors. This is why it is very important that you not count entirely on a vendor's word, however instead, utilize the vendor's solution together with your general due diligence. This will repaint an extra sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new consumers? Many times, businesses have repeat clients, which create the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the area, road building and construction, and also staff turn over can influence repeat consumers as well as adversely impact future revenues. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the possibility to construct a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the local mean household income effect future income prospects?