Businesses For Sale

Tutoring Centers - SOLD

Asking Price:$920,000 Gross Income:$1,213,675 Cash Flow:$438,106 FF&E:$35,000
Inventory:$55,000 Real Estate:$220,000 Year Established:2002 Employees:20

Description:This opportunity is comprised of two locations of the number one, premier franchise tutoring and learning center company. These tutoring centers offer educational services to children from Pre-K through 12th grade. The centers are strategically located where there are 90 schools within a 40 mile radius of the two locations. In addition to traditional tutoring services, both of these centers offer supplemental education services pursuant to contracts with schools that have not made their goals under No Child Left Behind. No teaching experience is necessary and it is a very rewarding business helping struggling students succeed.

Facilities:Of the two locations, one center is in an owned facility and the other center is in a leased one. The owned facility is in a building that is approximately 2,200 sf and sits on about 1/3 of an acre. The leased facility is comprised of approximately 2,500 sf of space with 2 years remaining on an assignable lease. Both centers are ideally located within their communities and have ample parking.

Competition:Neither location has other tutoring/learning centers in their marketplace. Also, these centers have a protected territory from their franchisor and have national brand recognition that is unparalleled.

Growth/Expansion:The current owner has not performed local marketing for a few years and a new owner should be able to increase cash flow through initiation of a local marketing program. The centers have recently begun to enter the contract tutoring business with local schools and this area could be a strong growth driver. Both locations have extensive protected franchise territories, which would enable a purchaser to open additional satellite locations. Lastly, as the economy continues to improve, the tutoring business should regain much of its higher pre-recession levels as there is a backlog of students needing tutoring services, but have held back seeking services for economic reasons.

Contact Information

Contact:   Tim Martin

Phone:   919 861 8987


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