Business Overview

Opportunity Type: Cash Free, Debt Free Asset Sale
Location: Atlanta
Years in Business: 2 ½ – Opened right before start of pandemic
Number of Employees: 10

OVERVIEW:
Unlimited Potential Turn-Key Kids Coding Franchise Resale. Buyer needs no coding experience. This franchise resale continues to help local kids grow and develop by providing coding education that is invaluable to STEM education and future career paths in the technology and other industries. By providing a wide selection of programs, these franchise locations ensure that every customer can receive coding education in a way best suited and most convenient for their lifestyle. Opened at the end of 2019, survived through a pandemic, this turn-key startup has almost no competition with unlimited growth opportunity.

• Fastest growing after school franchise in the U.S.

With the heavy lifting and heavy capital outlay in the rear-view mirror, this is an excellent opportunity for a buyer to step in and reap the rewards.

Financial

  • Asking Price: $180,000
  • Cash Flow: $51,767
  • Gross Revenue: $290,256
  • EBITDA: N/A
  • FF&E: $210,875
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

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:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Location is in a highly visible, busy shopping center

Is Support & Training Included:

Seller is willing to train to ensure a smooth transition.

Purpose For Selling:

Sellers have interests in RE & want to foucs on aging parents

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. However, the real factor and the one they say to you might be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a variety of other factors. This is why it is very crucial that you not depend entirely on a seller's word, yet instead, utilize the seller's solution along with your general due diligence. This will paint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that profit margins are too small. Numerous 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 commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract new consumers? Often times, operating businesses have repeat clients, which form the core of their everyday profits. Particular aspects such as new competitors sprouting up around the location, road building and construction, and also employee turn over can influence repeat customers and negatively affect future earnings. One essential thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood median home income effect future earnings prospects?