Leader in K-12 Tutoring and Test Prep - Huntington Learning Center

North Bend, WA
listing image
Asking Price:$50,000
Rent:$3,680/Month
Gross Revenue:$310,000
Established Year:2017
BUSINESS DESCRIPTION

Make a difference in the lives of children and parents! Children who come into the center can be months or years behind academically. This negatively affects their emotions, confidence, and motivation. Weh we work with kids in our center, we are not only building them up academically but we are also building them up emotionally and helping them regain their confidence and motivation. It is very fulfilling to see the change in our students over time and the relief and appreciation from the parents.

Our programs are highly effective and get results. On average, students show 2+ grade levels growth in reading and math, a 5.4+ point increase on the ACT exam, and a 229+ increase on the SAT exam. Our curriculum is updated to prepare for the new digital SAT. This center is accredited by the Middle States Association of Colleges and Schools. For almost 50 years, Huntington has tailored its programs to fit each student's needs.

The Huntington-specific programs and methodology set this franchise apart from competitors making it a leader in the business. Our superior programs and services make us a very profitable business. With the programs and curriculum in place, this allows the owner and staff to focus their efforts on customer service and growing the business. There is a great growth potential for this location due to the proximity of schools, great demographics, and the student knowledge gap caused by the pandemic. They say the happiest people are those who live for others. With this franchise, you can achieve business and personal goals of having a fulfilling life.


ATTACHED DOCUMENTS
General HLC flyer.pdf.pdf Download

DETAILED INFORMATION
Location
North Bend, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,350
Lease Expiration
30/11/2027
Employees
10
Facilities
This turnkey-center comes with everything needed to be operational on day one. Fully built-out and furnished 1350 sqft space with all curriculum bound and organized, chromebooks, bookshelves, student desks, chairs, two offices, and a receptionist desk. Staffed with 10 parttime teachers and 1 fulltime Assistant Director.
Competition
Primarily serving a single school district allows this center to be highly visible in a tightknit community. Located in a high-traffic shopping center, this center is well-known and highly regarded as a premier tutoring center in a small town. Competitors include private, unaccredited online tutors and Mathnasium in the next town; both focus only on mathematics. The North Bend Huntington dominates the premium, high-impact, personalized tutoring category in the area and has a stellar reputation (see the reviews on our website!)
Growth & Expansion
North Bend, WA is a booming town and the Snoqualmie Valley School District is moving up in the ranks. A lot of opportunity available for growth as new families move into the area. Cons are that we primarily serve only 1 school district with one very large high school, but we have a partnership/relationship with every single school in the district. This center may not gross $1M, but definitely has the potential to reach the $500K+ mark.
Financing
Negotiable for right buyer
Support & Training
Current owner is also the Center Director and will assist in transition for 2 weeks (negotiable). The franchisor (HLC Corp) will provide formal and ongoing system training and direction.
Reason for Selling
Illness in the family and current owner is the primary caretaker
Franchise
This business is an established franchise

BUSINESS LOCATION
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Sariya Rashid
Sariya Rashid