Business Overview

This tutoring franchise focuses exclusively on in-home one-on-one educational training for K-12 OR any specific topic that may be of interest to a prospective student such as computer skills for a senior. This is part of a good, large south suburbs territory that is available as part of the sale price. The business has been running for over a year with a good amount of advertising invested to establish the territory. The owners merely want to focus on other things as part of their exit, but the hard work is completed to get this franchise off the ground. Be a part of an ever growing segment of in home education support especially during these pandemic times! WORK FROM HOME. No office needed for this business. Inquire within for more information.

Financial

  • Asking Price: $50,000
  • Cash Flow: N/A
  • Gross Revenue: $28,783
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other interests

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell businesses. Nevertheless, the real factor and the one they tell you may be 2 absolutely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of other reasons. This is why it is very crucial that you not count totally on a seller's word, but rather, use the seller's response along with your total due diligence. This will repaint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that profit margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new consumers? Many times, companies have repeat clients, which create the core of their daily earnings. Certain elements such as brand-new competition sprouting up around the location, road building, as well as staff turn over can influence repeat customers and negatively impact future earnings. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average household earnings impact future earnings prospects?