Great Franchise Tutoring Service-fixed rate lease

Cypress, TX
Harris County


Asking Price: Annual Revenue:
$125,000 $72,000

Services: Education & Training


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RE: Great Franchise Tutoring Service-fixed rate lease Broker: Tony Keane

Quick Facts

Asking Price: $125,000
Annual Revenue: $72,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 5
BBN Listing #: 670544107
Broker Reference #: 76931-521365

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Business Overview:

National Franchised Tutoring Service with established management team and customers. Customers are treated with the utmost respect and will receive nothing less than first-class service. Staff members do their best to ensure engagement with clients exceeds their expectations. Business offers students tutoring focused on Math to assist with current classes or passing standardized tests. This business has monthly recurring revenues. Revenues for 2021 were $72K. Currently there are 5 PT instructors with one of them acting as a director, operating the center. Monthly rent is fixed at $2,400 PLUS (NNN) for 1,200 square feet for the remainder of the lease. Bring your energy to expand this business and take advantage of this opportunity. Sale includes FF&E, Leasehold Improvements and Franchise Fee. There is a Franchise Transfer Fee of $6,000. Buyer will need to be approved by Franchisor and attend training program. Initial start-up costs for this type of franchise are about $149,000 including $49,000 franchise fee. Instead of starting brand new this business includes the existing customer base, ongoing revenue, and staff. This is a great deal to enter the children’s education business with a national franchise behind you.
The Franchise location was acquired by the current owner in October 2018. This location has a strong staff and lots of growth potential. The owner has two of these franchises and wants to concentrate on one location.
Nice retail strip center

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Reason for Selling:

personal

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.

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