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Business For Sale
TUTORING CLUB FRANCHISE IN SANTA MONICA
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Asking Price: |
$60,000
USD USA Dollars
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Business for Sale Industry: |
Services: Education, Training
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Reason for Selling:
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Illness |
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Year Established:
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2004 |
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# of Employees:
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0 Full Time; 3 Part Time |
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Yearly Revenues:
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$86,078 |
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Yearly Cash Flow:
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$$10,576 |
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Monthly Payroll:
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$1,300 |
Business for Sale Overview:
For sale is a Tutoring Club franchised education center, located in Santa Monica, CA, that provides tutoring services to children from grades K to 12. The current owner is selling the business due to personal illness. Sales are down due to the owners' illness however the business has already demonstrated significant upside potential. This proven and successful franchised business system differentiates itself from other tutoring businesses by providing its clients guaranteed results. Tutoring Club guarantees to raise a student one full grade level (ie. from 3rd grade to 4th grade) in a given subject through completing a 32 hour tutoring session. Educational experience is not necessary since Tutoring Club's TutorAid Software makes all educational decisions and manages all student information by creating, monitoring, and updating lesson plans daily. These lesson plans are implemented by qualified tutors.The business obtains new students / clients through local advertising and networking within the community. The ideal new owner is someone who has a sincere desire to work with children and their families. The business has been operating for 4 years and the current owner has operated the business for one year. . In addition to training by the franchisor, the Seller will be available to train a new owner on how to run and how to locally market the business successfully. Interested parties should register as a buyer online at www.BizEx.net or call Matthew Louis at ext. 112 for more details on this exciting opportunity.
Property Features and Assets:
High volume street traffic location in Santa Monica with great frontage.
Market Competition and Expansion:
Supported by a successful franchiser whose concept has many successful franchisees. Owner's marketing efforts in the local community has a direct and significantly positive result on the business. High gross margins (70%) which includes the franchise fees that allows owner to allocate marketing dollars effectively. Prime territory with ideal demographics. Recession resistant business as parents will spend on their kids education over other discretionary items such as vacations. Center has about 80% upside in terms of number of students served.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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