Listing ID: 81585
Turnkey children’s coding franchise ready for its next owner.
This established franchise center located in an expanding strip center location in the western Chicagoland suburbs is focused on teaching children ages 7 to 14 computer programming.
No prior coding skills are required for new students!
All the essentials are in place – equipment, leadership team and growing membership with community relationships to enhance further growth at a cost substantially less than starting a new location.
This establishment is the part of the world’s fastest-growing kids coding franchise, with hundreds of locations in North America and abroad. Children gain problem solving, critical thinking and STEM skills in a fun, safe and inspiring environment.
Owner willing to provide seller financing to qualified buyers of up to 20 percent of purchase price.
Call for more details.
- Asking Price: $229,900
- Cash Flow: $38,418
- Gross Revenue: $233,071
- EBITDA: N/A
- FF&E: $231,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
The business was founded in 2019, making the business 3 years old.
The company has 15 employees and is situated in a building with estimated square footage of 2,500 sq ft.
The building is leased by the business for $3,750 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is really crucial that you not count absolutely on a seller's word, but rather, utilize the vendor's solution combined with your total due diligence. This will paint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new customers? Often times, companies have repeat clients, which form the core of their everyday earnings. Specific factors such as new competitors sprouting up around the location, road construction, as well as staff turn over can affect repeat customers and also negatively impact future revenues. One important thing to think about is the placement 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 on a regular basis, the greater the possibility to construct a returning client base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean house income impact future revenue prospects?