Listing ID: 80902
A successful and growing franchise business that provides families with expert guidance in the college search, admissions, and financial aid process. This business provides dedicated counselors help high school students identify their college goals as well as support them in the steps necessary to achieve those goals in the most cost-effective manner possible. We mentor and educate students and their families to do the following:
• Create the optimal college list.
• Improve ACT/PSAT/SAT scores.
• Establish goals to maximize GPAs.
• Develop unique essays.
• Build strong resumes.
• Explore funding alternatives.
• Work within the family’s college budget.
• Navigate the financial aid process.
• Manage college application timeline.
• Explore alternative majors.
• Provide a structured college planning system.
• Prepare for the college transition.
• Build community involvement in their success.
The business is located in a centrally located, top-tier, mixed-use office center, leased for favorable rent. This well-managed company maintains excellent relationships with its landlord, accurate accounting, professional tax returns, and proper corporate governance.
This is a rapidly growing business, where pre-COVID revenue growth since inception has averaged 284%, and growth from 2018 to 2019 was 87%. We are located in one of America’s hottest metropolitan growth areas, with Boise growing 17% in the most recent census. Much of the recent growth in Boise has come from California, Oregon, and Washington, where affluent families place a high premium on prestigious college education.
With additional marketing and hiring, the business is primed for rapid future growth.
- Asking Price: $75,000
- Cash Flow: $67,978
- Gross Revenue: $105,620
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Owner will provide training in operations and management. Primary educator employee willing to remain employed.
Owner-operator is also employed in healthcare.
Additional marketing and continued networking will continue to grow revenue.
This Business Is An Established Franchise
The venture was started in 2017, making the business 5 years old.
The company has 2 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $1,300 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nevertheless, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of other reasons. This is why it is really vital that you not count entirely on a vendor's word, but instead, use the vendor's solution combined with your general due diligence. This will repaint a much more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Most times, businesses have repeat consumers, which create the core of their daily revenues. Specific factors such as brand-new competitors sprouting up around the area, road building and construction, and also staff turnover can affect repeat clients as well as adversely impact future earnings. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the higher the chance to develop a returning client base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional typical home income influence future revenue prospects?