Listing ID: 80231
This tutoring and educational consulting center was established in 1998. Yes, 25 years ago. They are looking to retire, but will stick around for as long as it takes to get the new owners fully trained & beyond. They have survived & have grown through all economic conditions including the 2008 recession & now the Covid and with their proven & established business model, you will too. you will Join the next generation of education and tutoring learning center to explore the opportunity to invest in a sustainable ongoing, turnkey business. This profitable Learning Center focused on tutoring students from kindergarten to K-12, which includes everything from Kindergarten Readiness to ACT/SAT* tutoring, study skills and much more. This tutoring business bridges the gap that exists between the massive and growing tutoring and private school markets by understanding that each student is unique and works with the families to develop a customized program designed to help each of them succeed in the classroom.
What is unique about this tutoring center is that it is not a franchise & you don’t have to pay royalty & you are not restricted by franchise rules & limitations. Most franchises go out of business within the first 5 years & 80% are out of business within 10 years. This business has been profitable for almost 25 years. The retiring owners will teach you everything for you to continue a successful, profitable & reputable business. This is a very well-run business poised for growth and ideal for a self-motivated owner/operator with strong marketing and interpersonal skills. If you are an educator or love the education space, or a community leader or a business leader, then this business is for you. This tutoring & education business for sale has all of the key factors in helping grow and maximize your probability of success:
• Comes fully staffed with experienced teachers/tutors and coordinators.
• All of the materials, equipment and furniture are included.
• Exceptional location with great exposure to one of the busiest highways in the affluent East Cobb area surrounded by several top schools in Georgia.
• Great market demand for supplemental education for students.
• A proven track record for success.
• The right people to teach you the business and support your efforts.
- Asking Price: $248,000
- Cash Flow: $130,000
- Gross Revenue: $550,000
- EBITDA: N/A
- FF&E: $68,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
The seller will train the buyer for two weeks during the normal hours & will be on call for 1 full year. Longer term can be negotiated if necessary.
Retiring after 25 years of owning this business
The key to the success of this business is leveraging its database of over 8,000 satisfied current & former clients.
Educational and tutoring centers are on the rise as pressure is to not just to pass, but to excel in all subjects to get into the school of choice. This franchise learning center is focused on developing customized programs to help each student succeed in the classroom and beyond. With the current virtual school situation, there is a great need for small private schools as well as homework help centers. This center is poised to fill both those needs.
The company was started in 1998, making the business 24 years old.
The transaction doesn't include inventory valued at $5,000*, which ins't included in the requested price.
The business has 19 employees and resides in a building with estimated square footage of 3,500 sq ft.
The property is leased by the business for $2,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the true factor vs the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, however rather, utilize the seller's answer in conjunction with your total due diligence. This will repaint a more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new consumers? Most times, operating businesses have repeat customers, which develop the core of their everyday earnings. Particular variables such as new competitors sprouting up around the area, roadway construction, as well as personnel turnover can affect repeat clients and negatively impact future revenues. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood average household earnings effect future revenue prospects?