Franchise Tutoring Center in West Houston - $40K

Houston, TX
Harris County


Asking Price: Annual Revenue:
$40,000 $292,901

Services: Children - Child Care, Education


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RE: Franchise Tutoring Center in West Houston - $40K Broker: Marcia Bowron

Quick Facts

Asking Price: $40,000
Annual Revenue: $292,901
Net Profit: Not Disclosed
Cash Flow: $12,329
Total Debt: Not Disclosed
FF&E: $68,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 12
BBN Listing #: 252513260
Broker Reference #: 8238

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Business Overview:

For over 40 years this franchise’s (300 locations) highly trained tutors have worked with students of all ages K-12th grade to improve their grades, and build self-confidence and organizational skills. The franchise is accredited by Western Association of Schools and Colleges and their certified teachers provide tutoring and SAT/ACT exam prep services with a goal of offering the best education possible for all students. Seller owns a 2nd location and is not involved in daily operations but handles marketing and development of key partnerships such as local school and PTO partnerships, social media marketing, local mom groups, etc. Their client target market is average household income of 100K+, women 35+, college educated with children K-12th grade making this franchise in the West University area of Houston a prime territory. Each personalized program offered to students consists of sessions that range from $66-$86/hr. Services are purchased in bulk hours at a time and average cost of program starts at $4300 and up. Payment in advance for services is received. Royalties are 9.5% and 2% marketing ad fund fee. Franchise transfer fee of $6000 will be paid by seller. Training/Tech initial fee for buyer is $3000 and is virtual during COVID. Buyer needs $200K net worth with $65K liquid for franchise approval. Please refer to CBB Listing #8238

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Property Features and Assets:

3,150 sq. ft. facility in shopping center.

Market Competition and Expansion:

Expand hours to be open in evenings

Reason for Selling:

Personal reasons

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.

Documents:

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