Seller's Contact Information
- RE: Price Improvement! Mathnasium Franchise
- Contact: Tony Keane
Quick Facts
Asking Price: | $59,000 | |
Annual Revenue: | $98,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $23,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $15,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 4 | |
BBN Listing #: | 30244107 | |
Broker Reference #: | 76931-839240 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-839240
National Franchised Math Tutoring Service with established management team and customers. Customers are seeking help for their children to improve their math grades and capabilities. 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 recurring monthly revenues. Revenues for 2022 were $98K, Seller Discretionary Earnings (SDE) is $22,500 if under new owner. Currently, the owner is the Director, but they have a center supervisor plus 3 PT instructors operating the business. Monthly rent is approximately $2,700 (NNN) for 1,098 square feet. Bring your energy to expand this business, take advantage of this opportunity. Sales include FF&E, Leasehold Improvements and Franchise Fee. The Franchise Transfer Fee is $7,000. Initial start-up costs for this type of franchise range from $113,000 to $149,000 including $49,000 franchise fee. This priced as a new start-up but includes existing customer base, ongoing revenue, and staff. This is a great deal!
Profitability would have been significantly higher if the current owner had operated summer math camp programs and built relationships with the local schools. The Seller has been dealing with family health issues that have prevented full time attention on growing the business.
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Property Features and Assets:
Monthly Rent: $2,700.00 Square Units (Foot, Meter): 1,098 Lease Expiration Date: January 30, 2027, 10:00:00 PM Terms Options: 5 Yr Renewal Option Facilities:Retail Center FF&E Overview: Classroom and Office furniture and fixtures. FF&E General Condition: Excellent Condition
Market Competition and Expansion:
Extensive campaign with local schools. Other franchise locations host “Math Nights” at the school for the parents and children. The inconsistency of classroom learning due to the pandemic continues to create a bigger need for these types of services. Create summer camp programs. External factors that will contribute to growth? - Growing economy - The territory has high population growth. - Positive Industry Trends - Growth in Home Learning What are the internal factors that will contribute to growth? - Hiring additional Instructors - Focused school outreach program by center director
Reason for Selling:
Personal Reasons
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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