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Learning Center/ Exam Prep tutoring provider in Durham

Durham, NC
Waiting Area
Waiting Area
Asking Price:$10,000
Inventory:$5,000
FF&E:$5,000
Gross Revenue:$191,000
Rent:$3,500/Month
Established Year:2019
Listing ID: 2246672Listing provided by BizBuySell
BUSINESS DESCRIPTION

Operating Franchise location for Sale

Highly respected and leading provider of tutoring and test prep programs in the Durham/Chapel Hill area. The center operates under a franchise agreement with Huntington Learning Center, a trusted and reputed tutoring provider for nearly five decades. The center is accredited by the Middle States Association and is in a well-established location. The missing ingredient is a new owner who will go out and market the brand in the community and establish relationships with nearby schools. This is an opportunity to buy a turnkey top franchise that has an excellent location, exceptional up-fit, with an outstanding reputation and customer base for less than the cost of buying an undeveloped territory. The center's reputation for excellence in tutoring and test prep, combined with its strong curriculum, innovative technology, and experienced staff ensures sustained business growth for the right person.

DETAILED INFORMATION
Location
Durham, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
31/03/2025
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location with lease valid till March 2025. There is 1 FT employee, and the rest are part time tutors. The center includes all the Huntington Curriculum and furniture required to operate the tutoring center (build out + furniture + curriculum costs for a new center of this size is around $75,000)
Competition
The industry is showing an increasing demand for supplementary education due to a gap in traditional education. A lot of schools are bringing back ACT/SAT requirements, so we are seeing an increased demand in the exam prep side of the house as well. This along with top-tier operational training and marketing support by the franchisor positions the buyer for long-term success.
Support & Training
The franchisor offers excellent training and support for all new and transfer franchisees. In addition, current owner will offer 2 weeks support for the initial transition.
Reason for Selling
Seller is an absentee owner who has another full-time job and another franchise
Franchise
This business is an established franchise
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Prabhakaran Nagarajan
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Prabhakaran Nagarajan
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