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Learning Center/ Exam Prep tutoring provider in Ledgewood, NJ

Roxbury Township, NJ

Seller Financing Available

Asking Price:$125,000
Gross Revenue:$610,000
FF&E:$10,000
Cash Flow:$45,648
Rent:$4,840/Month
Established Year:2001
Listing ID: 2314829Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established K-12 Tutoring and Test Prep business

Highly respected and leading provider of tutoring and test prep programs in Morris County, NJ. The center has operated since 2001 as a franchise location of Huntington Learning Center, a trusted and well-known tutoring provider for nearly five decades. Great opportunity for a new owner who can market the brand in the community and establish relationships with nearby schools. This is a turnkey business 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.

Why Huntington is the Right Business Opportunity for You?
• Simple business model — Low operating costs and multiple revenue streams
• Huge potential — Over 45% higher 2023 average revenue than our closest competitor
• Rapidly growing market — $5 billion industry and projected to grow to $18 billion by 2028 (source: Grand View Research)
• Ongoing support — Turnkey systems and dedicated support teams to ensure a smooth transition
• Recession-proof concept — Named to Franchise Business Review’s (FBR’s) list of Top 100 Recession-Proof Franchises for 2023
• Low cost per center — Small retail premises with minimal build-out
• Parents love Huntington — Great results, tremendous value, and flexible scheduling
• Strong consumer brand — Trusted name in the industry for close to 5 decades
• Great franchise reputation — Top rankings and ratings in Entrepreneur, Franchise Business Review, and more
• A strong franchise family — Join a network of franchise owners who support and collaborate with each other
• Proven track record of success — Locations nationwide, with more opening regularly
• Hugely rewarding — Our business changes children’s lives

DETAILED INFORMATION
Location
Roxbury Township, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,244
Lease Expiration
01/07/2031
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This location has a valid lease through 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 $150,000)
Competition
Demand for supplemental education is increasing due to overcrowded classrooms and learning gaps. A large number of colleges are bringing back ACT/SAT requirements, creating an increase in demand for exam prep services 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 tutoring industry is a rapidly growing market. It is estimated to be a $5 billion industry and is projected to grow to $18 billion by 2028 (source: Grand View Research).
Support & Training
The current owner will provide assistance in transitioning the center. Huntington’s exceptional team will provide training: in-depth online & in-person, and on-going support from your assigned Franchise Business Consultant. Huntington constantly invests in improvements in technology, operations, curriculum, & overall support to support franchisees' profitability.
Reason for Selling
Multi-unit operator looking to focus on closer to home locations
Franchise
This business is an established franchise
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Bryan Murray
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Bryan Murray
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