Listing ID: 80458

Business Overview

This business is the world’s largest and fastest-growing kids coding franchise, with hundreds of locations in the United States, Canada, and the United Kingdom. This is truly a turnkey business for an enthusiastic owner to come in and grow a new space in teaching kids in the exciting areas of coding video games. No Coding Experience Required!

No heavy lifting for operations and huge capital expenses. This is an excellent opportunity for a buyer to step in and reap the rewards.

GROWTH POTENTIAL:
Tremendous opportunity to grow the business in several ways:
• No competition in the immediate area.
• Increase subscriptions locally in a relatively untapped market by partnering with elementary and middle schools and other kids-oriented local businesses.
• Offer summer camps and year-round camps focused on STEM activities.
• Offer clubs such as Minecraft Club and Roblox Club where kids get together once or twice a week to code games in Minecraft and Roblox.

LOCATION: Cumming, GA
The business is located in a high-traffic intersection anchored by Starbucks, Pikes Nursery, and other well-known restaurants and stores. The Center faces a major highway giving it great exposure and excellent parking available.

CENTER DETAILS:
Large spacious center. This location includes tables and chairs for up to 40 kids. Premium furniture in the front lobby makes for comfortable seating for parents. The center opened in May 2019.
Detailed Information
Location: Cumming, GA
Real Estate: Leased
Building SF: 2800
Lease Expiration: 5/2/2024
Employees:
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Support & Training: 2 weeks

REASON FOR SELLING::
The Owner wants to pursue other business interests

The center opened in May 2019.

Financial

  • Asking Price: $199,900
  • Cash Flow: N/A
  • Gross Revenue: $100,000
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,800
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

The Owner wants to pursue other business interests

Established Franchise:

This Business Is An Established Franchise

Additional Info

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

The business has 6 employees and is situated in a building with estimated square footage of 2,800 sq ft.
The building is leased by the business for $4,700 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the true factor vs the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of various other factors. This is why it is really important that you not depend entirely on a vendor's word, however rather, make use of the vendor's response along with your overall due diligence. This will repaint an extra realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can suggest that earnings margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract brand-new consumers? Often times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the location, roadway building and construction, and also staff turn over can influence repeat customers as well as negatively impact future earnings. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical home earnings effect future income potential?