Listing ID: 82374
Phenomenal opportunity to acquire this premier multi-location education business, pay yourself a salary for oversight management AND make a nice profit from day one! All locations are profitable and total revenues have exceeded $1,000,000 every year other than COVID, and are on-track to hit $1,300,00 this year!
This educational tutoring business is situated in eastern Nebraska, has multiple facilities with long-term customers, and each center is fully staffed with experienced and loyal directors and teachers.
Having a strong client base, superior materials and teaching methods, and a loyal and experienced staff will make this an easy transition for the new buyer! No special license or certifications are required to own this business.
The Pandemic has created many challenges for parents and families resulting in many children needing help with homework, study skills and test preparation. This successful business has filled this need for years and is perfectly positioned to continue to help children and families in need.
For more information, contact Jerry at email@example.com
- Asking Price: $800,000
- Cash Flow: $225,000
- Gross Revenue: $1,250,000
- EBITDA: N/A
- FF&E: $140,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:45
- Furniture, Fixtures and Equipment:N/A
All centers are state of the art and recently updated
Seller is willing to stay on as long as necessary for a smooth transition
The venture was founded in 1996, making the business 26 years old.
The company has 45 employees and is located in a building with disclosed square footage of N/A sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. However, the true factor vs the one they say to you might be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is very important that you not rely absolutely on a seller's word, but rather, utilize the vendor's answer in conjunction with your total due diligence. This will repaint a more sensible image of the business's current scenario.
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 offer. Lots of companies finance loans so as to cover points like inventory, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too thin. 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 likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new consumers? Many times, operating businesses have repeat customers, which create the core of their everyday revenues. Specific elements such as new competition sprouting up around the location, roadway construction, and also personnel turnover can influence repeat consumers and also adversely influence future incomes. One vital thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical family income effect future earnings potential?