Extremely motivated seller has made a career change and must sell this business. Literally giving it away at $25,000! The curriculum and
furniture, fixtures, and equipment are worth nearly three times that amount. This opportunity will not last long!
Established franchised educational center specializing in supplemental education for all age levels. Services include improving academic skills, subject tutoring, and exam preparation such as ACT and SAT. The business does not require owner to have a teaching degree as franchisor will provide all tools necessary to own and operate the business. Ideal owner is a high quality business person, typically from the corporate world who is a business-minded individual with high energy and likes kids. This is a growing industry that is recession resistant and gives franchisees the opportunity to run their own business with a professional staff and a nice work environment. The franchise has been in the tutoring business for over 30 years and has the experience and expertise to assure franchise owners are successful and profitable.
Opportunities: Current owner is absentee. A new owner could operate the businesses on a day-to-day basis eliminating the need to pay for a director. The business needs focus and additional marketing. Tutoring is an $11 billion dollar industry and is expected to grow 6% per year through 2017 according to the Education Industry Association. Purchasing an existing franchise will save a buyer thousands of dollars as new franchise locations can cost up to $300,000 to open.
The business has had sales as high as $360k in its 1st year of operation, and in 2011-2012 floated in the mid $300Â’s, however the 2013 through 2014 saw a slide. The reason was twofold- the ownerÂ’s decision to reduce advertising/marketing endeavors and there were personnel changes that attributed to the decline. This is a turnaround opportunity, and needs a Buyer who after visiting with corporate, seeing successes with other locations and identifying what the current owner is not doing, can see an upside to purchase a business at a great price, and build equity by providing the correct management direction. This business needs an owner who has a passion about education and can monetize that with a directed sales/marketing plan to boost sales and create profits.
Required Licenses: Business
Seller Reference #ANKENIA001-N454
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