Listing ID: 73341
According to a recent report from Zion Market Research, “The global private tutoring market was valued at approximately USD 96,218 million in 2017 and is expected to generate around USD 177,621 million by 2026…” An article by Globe Newswire, Jan 22, 2019, goes on to state, “… parents are willingly enrolling their children to private tutorials to manage their children’s learning requirements in a better way. The growing number of students enrolling in private tutoring due to cut-throat competition in competitive exams is another factor anticipated to drive the private tutoring market globally in the years ahead.”
With tailored tutoring programs to fit the students’ needs, academic goals and schedules, this center is well prepared to service the four large school districts nearby. All tutors have at least a bachelors degree and the managers are experienced and fully vetted to work with children. This center offers all-around tutoring services for students K-12, SAT and ACT test prep and strategic tutoring subject-based tutoring.
This well established center is a fixture in the community and is ready for a new owner to take it to the next level in serving the community and growing revenue.
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,105
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
2105 sq ft facility in a high-traffic, upscale suburban neighborhood.
Seller is willing to train the new owner.
Owner is ready to exit the business for personal reasons.
The company has 9 employees and is situated in a building with estimated square footage of 2,105 sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or an array of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, however rather, utilize the seller's response in conjunction with your general due diligence. This will paint an extra practical image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that earnings margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Particular factors such as new competition sprouting up around the area, roadway building and construction, as well as staff turn over can influence repeat customers as well as negatively influence future earnings. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the greater the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the regional median family income influence future earnings prospects?