10 year Franchise Tutoring Center with $100k+ SDE - North Suburbs

Long Grove, IL

Asking Price:	$350,000
Gross Revenue:	$364,310
FF&E:	$10,000

Cash Flow:	$129,060
Rent:	$5,627
Established Year:	2013

Listing ID: 2303887Listing provided by BizBuySell

BUSINESS DESCRIPTION

CLEAN BOOKS, solid SDE, great location, and good owner that has established a so

Well-established, turnkey tutoring center specializes in K-12 tutoring and SAT/ACT prep. Operating for 11 successful years, this franchise location is a prime opportunity in the North Chicagoland area. With a strong reputation in the community, the business generates an impressive $100K in Seller’s Discretionary Earnings with CLEAN FINANCIAL RECORDS, offering a solid foundation for continued growth and profitability. Ideal opportunity for an owner-operator with a passion for education who is looking to leverage the existing infrastructure. With additional growth potential through increased local and digital marketing efforts, new owner could use the brand recognition to further scale the business. Tutoring for math and reading continues to be an essential part of education after the COVID era. Tutoring centers have also helped to bring up ACT/SAT scores for potential scholarships.

DETAILED INFORMATION

Location

Long Grove, IL

Inventory

Included in asking price

Real Estate

Leased

Building SF

1,600

Lease Expiration

31/12/2028

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

This franchise, that has been in existence since 1994, focuses on teaching students in a warm, friendly environment as part of a group learning approach. As with all businesses, during COVID, there was a dip in revenue due to state restrictions of being in person. The business was required to be online for a portion of the year in 2020. Once restrictions were lifted to be back in person, they opened right away and successfully grew the center further. This is a five star rated business on google with 60 reviews!

Competition

Although there are many brands in the tutoring space, we're not seeing any in the town where this center is located.

Growth & Expansion

There are more slots to fill students in the group setting and as ACT and SAT comes back for more scholarship opportunities, there definitely is room to grow in this mature business.

Reason for Selling

retiring

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