Learning Centers Serving South Elgin & Algonquin

Saint Charles, IL
Kane County

Asking Price: Annual Revenue:
$99,000 Not Disclosed

Services: Children - Child Care, Education

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RE: Learning Centers Serving South Elgin & Algonquin Broker: Kristie Kalinowski

Quick Facts

Asking Price: $99,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 964857282
Broker Reference #: Not Disclosed

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Business Overview:

**Price Improvement!**

Multiple ongoing retail tutoring centers available for immediate purchase.

The owner-operator is retiring after 30 years as a Sylvan franchisee, offering a supported transition process to ensure smoothness and success. The owner is willing to sell the territories individually, priced as follows:

*St. Charles & Geneva: $99,000
*Algonquin: $99,000

These two massive protected franchise territories include two brick & mortar retail sites plus one “satellite” location (a pop-up center in a local skating rink, created for customer convenience). Long time staff of 2 full-time and 18 part-time teachers are also available to support the new franchisee.

As a 40-year-old company, Sylvan Learning has evolved into a tutoring facility that offers a variety of educational products that is able to serve more students than ever before. Come join the leader in supplemental education and explore the opportunity to invest in a sustainable, multi-unit ongoing business in South Elgin, Algonquin, and Geneva, Illinois! Sylvan Learning offers the widest breadth of programs in the supplemental education industry, attracting students from PreK through 12th grade. Our programs range from reading, writing, math and study skills, to coding and robotics, to college prep.

Employee Details: The current franchisee serves as the Executive Director and employs two full-time Center Directors with the rest of the staff serving as part-time labor to fulfil the roles of Director of Education, Assistant Center Director, Lead Teachers, Satellite Manager, and part-time Teachers.

Additional Support: You’ll receive direct support from Sylvan’s corporate team, including a 4-day-intensive in-person training in the beginning of the transition as well as a multitude of additional trainings delivered online, via phone, and in-person throughout your lifetime as a franchisee. Sylvan also provides two staffed support desks, one for operations, and one for Technology, with access points through phone, web inquiry, email, chat, including after-hour support that is available 23/7.

Algonquin Real Estate: Rent is under $3,000 per month with a newly negotiated 2 year lease starting in November.

St. Charles Real Estate: Rent is under $4,000 monthly with 5 years on the lease.

There is a real opportunity to take this business to the next level. Inquire today to find out how you can become the educational resource and continue Sylvan’s legacy.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The St. Charles center is located within a small strip mall, surrounded by a Sports Clips, Gymboree and Starbucks. With new lit signage on both sides of the building, the center is well poised for business. The Algonquin center is inside a lifestyle mall, sharing the same parking lot as Pottery Barn, Nordstrom Rack and Trader Joes. Both centers are in new buildings, with new storefront signage and easy access parking.

Market Competition and Expansion:

Sylvan Learning provides the widest breath of services in the supplemental education market place to date. The centers and satellite for sale are viewed as staples in the communities they service and have a history of obtaining contract services opportunities as a result. This adds an additional revenue stream in addendum to the retail business. Each exclusive territory has ongoing Contract Service Agreements (amounts assured), and other engagements in negotiation, adding immense value to these resales! Sylvan’s ACT and SAT business is strong within the Algonquin territory, generating $41k in additional revenue in 2017. The Algonquin center is enrolled in Sylvan’s Contact Center, freeing up your time to focus on in-center operations and local marketing activities.

Reason for Selling:

After 30 years as a franchisee, the owner has deci

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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