Business Overview

Profitable educational business that has been serving the community for over 20 years. Own one of the largest territories in the Metro East for Sylvan Learning Centers allowing for expansion of more satellite centers. Also included is a fully operational Sylvan Learning center in a city that values education. Center is fully operational, and setup for a absentee owner.

Financial

  • Asking Price: $99,000
  • Cash Flow: $35,000
  • Gross Revenue: $330,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fully remodeled in 2019, 3,000 sq ft

Is Support & Training Included:

Current staff would remain. Owner is absentee owner today.

Purpose For Selling:

Retiring

Pros and Cons:

Fully established with very good reputation in the community for tutoring, homework support and ACT/SAT test prep.

Opportunities and Growth:

Many opportunities for growing the business with expanding virtual, in home, and additional satellite centers in the area. Also many grants available throughout Illinois for assistance for tutoring to the community.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 2001, making the business 21 years old.

The company has 8 employees and is situated in a building with approx. square footage of 3,000 sq ft.
The property is leased by the business for $2,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell companies. However, the real reason and the one they tell you might be 2 totally different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will repaint an extra reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in brand-new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific aspects such as brand-new competition growing up around the location, roadway construction, and employee turnover can influence repeat consumers and adversely impact future incomes. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the better the chance to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the local average household income influence future earnings potential?