Listing ID: 82319
This multi-location and long tenured Education Business is for sale in Eastern Nebraska. Make a lucrative earning while also feeling the satisfaction from helping kids. During these trying times during the Pandemic, most families have had to do more to help their kids with homework, online learning, study skills, etc., and most were not academically prepared. This is a turn-key business with loyal and long-standing employees that can run the operation. If real estate would ever be included in the transaction, it will be handled by a licensed Real Estate Broker. For more information on this Education Business for sale in Eastern Nebraska, call Roger Edgar or Ingrid Reynolds @ Sunbelt Business Brokers @ 402-827-3190.
- Asking Price: $930,000
- Cash Flow: $290,824
- Gross Revenue: $1,160,850
- EBITDA: N/A
- FF&E: $200,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:31
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The company was established in 2007, making the business 15 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nevertheless, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is really crucial that you not count absolutely on a seller's word, but rather, make use of the vendor's solution combined with your general due diligence. This will repaint a more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various 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 structure where the business resides. The business may have existing agreements with suppliers that must be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Often times, businesses have repeat customers, which develop the core of their day-to-day profits. Certain variables such as new competitors sprouting up around the location, roadway building and construction, as well as employee turn over can impact repeat consumers as well as adversely affect future profits. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the neighborhood typical family income effect future income prospects?