Educational Tutoring Center
Not Disclosed, PA Crawford County
Seller's Contact Information
- RE: Educational Tutoring Center
- Contact: Jack Greenawalt
Quick Facts
| Asking Price: | $85,000 | |
| Annual Revenue: | $585,144 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $68,090 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2008 | |
| Employees: | 31 | |
| BBN Listing #: | 97114955 | |
| Broker Reference #: | 2602-15812 |
Business Overview:
This business has been operating for fourteen years. This franchise involves tutoring for students K to 12, supplemental adult instruction in reading, writing, math, and study skills as well as ACT/SAT test preparation. It is a great business for someone who wants to work for themselves, make a difference in a child and family's life, experience very high job satisfaction/reward, and make money.
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Property Features and Assets:
The business is located in a suburban strip center with extremely high foot traffic. It is approximately 2,500 square feet in size and is leased space. The lease runs through November 2021 and is transferable and renewable. Assets= $20,000
Market Competition and Expansion:
National competitors in this business are limited, especially in the area this center is located. Primary competition tends to be individuals that decide they are going to do some tutoring on the side. Although helpful and successful at times, it is not nearly effective as the programs offered by this tutoring center being offered for sale. The industry is growing and will continue to do so as a result of the competitive climate within our education system and particularly higher education requirements to obtain acceptance into colleges. In spite of very limited advertising and marketing efforts this business has grown significantly. Their primary source of obtaining business has been through parent and student referrals which is a positive testimony to the quality and satisfaction of the parents and students. The business has been for many years the leader in the tutoring and test preparation industry. The primary competition tends to be individuals that decide they are going to do some tutoring on the side, but it is a total hit or miss approach without a proven method of success that is offered by this business. Many of the other competitors in the industry present a classroom setting for the additional instruction, which again is not nearly as effective as the one to one or in the worst case four to one student/teacher ratio.
Reason for Selling:
Owners wants to travel and semi-retire.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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