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Learning Center/ Exam Prep tutoring provider in Frederick MD

Frederick, MD
listing image
Asking Price:$50,000
Inventory:$8,500
FF&E:$5,000
Gross Revenue:$489,000
Rent:$6,100/Month
Established Year:2021
Listing ID: 2280648Listing provided by BizBuySell
BUSINESS DESCRIPTION

Highly respected and leading provider of tutoring and test prep programs in the Frederick/Urbana area. The center operates under a franchise agreement with Huntington Learning Center, a trusted and well-known tutoring provider for nearly five decades. 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
Frederick, MD
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,138
Lease Expiration
28/10/2031
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location with a lease valid till October 2031. 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 $125,000)
Competition
The local area is experiencing massive growth with at least 10 different new housing developments in the area. Demand for supplemental education is increasing due to overcrowded classrooms and new families in the area. 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.
Growth & Expansion
The population in Frederick County is growing fast, and schools are struggling to keep up. Test Prep program and structure is the only one of its kind in the area.
Support & Training
The franchisor offers excellent training and support for all new and transfer franchisees. In addition, the current owner will offer 2 months of support for the initial transition.
Reason for Selling
Seller is an absentee owner who has a full-time job
Franchise
This business is an established franchise
BUSINESS LOCATION
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Ruth Mosley
Phone Number
Ruth Mosley
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