Business Overview:
Part of a recognized Franchise system, this tutoring services company provides tutoring services and supplemental education assisting students to improve SAT scores. Established for 5 years, the business is ideally located in an area that has 6 public schools within a 2 mile radius. The majority of students who are clients come from the surrounding schools and referrals. Students who are tutored desire to improve SAT scores in order to get accepted to a better college and their parents are also seeking to have the SAT scores improved for higher education purposes. Approximately 50% of the students who are clients attend private schools. Advertising stopped when the Owners moved out of the area. A pro-active hands on advertising approach with direct mail, school papers, and newspaper ads could increase the business to reach its full-potential. The business has a highly trained and professional staff including 1 full-time teacher and center director and 2 part time teachers who handle on average 25 students and have the capacity to handle over 30 students at any given time. Teachers are fully qualified through testing provided by the Franchisor. This is a great business for an expansion and growth opportunity for a new owner that wants to make a difference in the community.
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:
Assets: FF&E is valued at approximately $15,000. A FF&E list is available to a qualified buyer who has signed a confidentiality non-disclosure agreement with Business Ventures of Tampa Bay Inc.
Lease: The business is located in an office Complex in the Tampa Bay area and has remained in the same location for 5 years.
Leased Facility; 1,450 sq. ft.; Lease renewal for 5 years expires 2015; Base Rent: $2,954.46; CAM charges: $1,100; Deposit due at time of transfer: $8,000; Lease escalates 3% annually; Owner responsible for all inside repairs.
Market Competition and Expansion:
The business was successful with advertising in the local newspaper, school paper, and direct mail. All forms of advertising stopped when the owners left the Orlando Area.
Well known in the community for its outstanding results. The teachers are highly qualified who focus on working with students that want a better education and are highly motivated to learn.
Reason for Selling:
Other Business Interest
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.