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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Tutoring Center
(Educational)
Somerset County , NJ
Listed Price: $ 60,000
Listing ID: SVS395

Listing DetailsGross Revenue: $ 141,581
Cash Flow: $ 66,349
FFE: $ 45,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

Owner is absentee and resides out of the state.


Training & Support:

Upon request, the present owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires onsite training to the new operator.


OperationsYear Established: 2017
Non-owner Payroll: $ 3,500
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 2700
Monthly Rent: $ 2,400
Square Footage: 900
Facilities:

The tutoring center facility which consist of approximately 900 square feet has a modern professional appearance located in a commercial building with various other active and successful businesses. This opportunity is in Northern New Jersey, Somerset County, which consists of various affluent and highly populated communities with continued demand for this personal service.


SummaryBusiness Description:

Excellent business opportunity to own this national franchise tutoring company with a gross income of $141,581 and a net yearly income of $66,349 to the owner operator. The company can also be maintained as absentee ownership. For nearly 40 years this tutoring company has helped millions of students and families achieve new levels of academic success. You get the best in certified teachers and interactive technology, so the children feel fully engaged and get the exact learning he or she needs. The teachers not only instruct, but they challenge and inspire the children. This tutoring center is the largest, private employer of certified K-12 teachers in the world and their results are unmatched. They developed a proprietary method through academic research, years of teaching experience and technology. Whether your child has fallen behind or is way ahead of the class, this center has a program to challenge your student, build confidence, boost study skills and help deliver better grades. Regarding employees and payroll, this tutoring company consist of five part time employees who are unaware of the pending sale. The payroll is specifically based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,500. This tutoring business operation is active evenings only, four days per week, with hours from 4:00 pm to 8:00 pm. The business has been valued / priced at $60,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Purchaser is responsible for franchise transfer fee of $6,000 and rent security. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

This business opportunity can be improved with an onsite owner operator and an improved marketing plan and local advertising. Additionally, the company has a limited optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

N/A