Listing ID: 84144
Business Overview
Helping children from Pre-K to 12 grade with on-site, virtual classes, private tutoring, and SAT prep classes. You would be providing high-quality instruction with a proven curriculum. This is a rewarding and enriching business that influences the lives of children in a positive way. Small group individualized learning, enhanced with a digital teaching platform designed to support each student’s learning needs. Support for core tutoring programs in Reading, Math, Study Skills, Writing, provides assistance with student’s immediate needs. Our team of 25 employees delivers researched-based academic remediation and testing to students of all ages in two convenient
locations north of Boston. The company’s success rests in the long-standing philosophy of putting the student’s needs first.
Financial
- Asking Price: $400,000
- Cash Flow: N/A
- Gross Revenue: $676,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
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:25
- Furniture, Fixtures and Equipment:N/A
Two Locations North of Boston - Middlesex & Essex Counties. Newly refinished spaces with modern equipment and furnishing.
There are substantial training resources available. The owner is willing to stay on for a limited time to help bring a new owner up to speed.
Other opportunities
Most competitors are franchises. Kumon, Huntington, and Mathnasium are the largest competitors in the franchise space. However, each of them is more limited in the scope of services they offer.
There is considerable potential for growth due to the extensive area served. A new owner could open a satellite office to provide local service to additional communities. Additional grassroots marketing and social media marketing could bring in more students. In addition, hiring a sales professional may increase the number of students served.
This Business Is An Established Franchise
Additional Info
The company was started in 1996, making the business 26 years old.
The business has 25 employees and is located in a building with approx. square footage of 3,000 sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 totally different things. As an example, they may claim "I have too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of various other reasons. This is why it is very important that you not count absolutely on a vendor's word, however rather, make use of the vendor's solution along with your total due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that earnings margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Often times, operating businesses have repeat customers, which develop the core of their daily profits. Particular factors such as new competition sprouting up around the location, road building, and also staff turnover can influence repeat clients and adversely affect future earnings. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local typical house earnings impact future income potential?
