Owner Financing is Available!
Business Overview:
Children K-12 Supplemental Education & Tutoring Center. As of June 2011, New Student Enrollment increased 17% marked by a 22% increase in Beginning Reading students. This is very positive uptick because these students often return during their future school years.
This franchise is North America's most recognized provider of supplemental education, with more than two million students served since 1979. Backed by an operating system that has been refined over 30 years, franchisees are trained and prepared to provide students with an unparalleled supplemental educational program. ** Seller is willing to entertain ALL offers. **
Link to Non-Disclosure Agreement:
http://www.franchisequalificationplus.com/rfi/default.aspx?brand=fr
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This location was established and the owner purchased this franchise in 1997. The facility is 3100 square feet and is located in Tampa, FL. Monthly rent is $2,500. The lease expires February, 2012. Landlord is willing to negotiate new lease terms. Facility may also be relocated.
The seller will provide buyer additional hands-on training during transition for 2 to 4 weeks. Buyer must complete Franchisors training session(s) / Discovery Day.
Market Competition and Expansion:
Located in historic South Tampa, near both the downtown business area and the beautiful beaches on the Gulf of Mexico, this territory has 11,590 children (within 0-5 miles) and 27,544 children (within 5-10 miles). Average Household income is $69,961. This center has unparalleled value in the community and has an active student count of over 200.
Although the general economy remains on shaky grounds, this business has remained profitable every quarter and the pre-paid tuition for the 2010-2011 school year is up 26% over last year. Revenue for the last 7 years was over $2,500,000. Expenses have been reduced to a minimum with the center operating on a simple business model. Nearly all additional revenue increases will become additional cash-flow. Now is the time to capitalize on this opportunity.
Reason for Selling:
Retirement.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: