Turnkey Education Establishment in Lawton, OK!

Lawton, OK (Comanche County)

Turnkey Education Establishment in Lawton, OK!

Asking Price:$99,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1998

Turnkey Education Establishment in Lawton, OK!

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Business Description

Invest In An Ongoing Supplemental Education Business

Come join the leader in supplemental education! Sylvan Learning of Lawton, OK's 18 year reputation coupled with 37 years of experience as a franchise company makes this an ideal investment for those eager to enter into this growing industry. P & L reports show that the center is profitable and, because most services are paid in advance, there are rarely any accounts receivable issues. The center has been a top performer in the state and region for the past several years, and continued success is fully expected. The center also owns the Sylvan license for Ace it!, which allows the Center to partner with schools, school districts, and other entities to provide small-group instruction in Reading and Math at local schools or other locations outside of the Center.

Another option available for delivering Sylvan’s education programs includes satellite locations within a territory. The Lawton center also holds the license agreements to teach Sylvan’s STEM (EDGE) programs, which includes instruction in robotics, coding, and engineering. Inquire today for more details on this unique opportunity.

Detailed Information

Facilities:
Sylvan Learning Center of Lawton is located, according to a commercial realtor, within a few blocks of the business center of Lawton. It is conveniently located on the city’s main thoroughfare, Cache Road. In addition to Lawton-Fort Sill, the center draws students from Cache, Elgin, Duncan, Altus, and other communities throughout Southwest Oklahoma. It is not uncommon for the center to attract families within a 60-minute drive of Lawton. Sylvan of Lawton has no national competitor in Southwest Oklahoma. The current lease is on a year-to-year basis; therefore, the center could be moved to a different site. However, the current space has room for expansion, generous parking, low-rent, an ideal location, and is easily accessible. Note: City bus routes run east and west as well as north and south along streets that are adjacent to Sylvan of Lawton. -6- The center is fully carpeted, was recently redecorated, has central heat and air, and contains approximately 4,000 square feet. Rent is $3,500 per month + utilities. The center is larger than required by SLI given recent technology innovations for delivering assessments and lessons to students. Reducing the footprint at this site (through a build-out) or relocating to a new location is a cost-reduction option. However, the center property is also available for sale to a new tenant (the current franchisee is a partner in the ownership of the facility, as well as adjacent structures, which are also available for sale if the new franchisee were interested in pursuing purchase of the property, as well as the franchise. The franchisee reports that the physical center is in excellent condition with new HVAC and a new roof added in recent years. The center is also well-maintained and cleaned regularly by a custodial service so it maintains the look and feel of a professional environment. Additionally, the exterior landscape is cared for by a service provided by the building owner—at no expense to the Sylvan franchisee.
Growth & Expansion:
Sylvan’s competitive advantage over other education companies and private tutors stems from its historic leadership in developing and delivering high quality, personalized supplemental education programs designed to address student needs identified during the initial and subsequent assessments. With the delivery of its programs on iPads, Sylvan enhanced its competitive position because updated curricula can be distributed quickly and inexpensively by downloading curriculum updates as education content evolves.
Support & Training:
In addition to the academic programs, Sylvan offers franchisees a broad range of training, systems and marketing resources, including: • Comprehensive training programs that provide franchisees, with or without education experience, with the tools they need to succeed as business owners. • Program and sales training for Center staff. • Operating systems for tracking attendance, invoicing customers, managing receivables, and monitoring performance. • Customer relationship management systems that enable centers to communicate with, and market to, their database of current and former customers. • An online marketing tool for creating customized local ads, flyers, posters, and other collateral. • Center websites that can be customized to reflect local center information, including promotions. • An online marketing tool for creating and delivering email to customers, prospects and alumni.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
Business Website:
http://locations.sylvanlearning.com/us/lawton-ok

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Kristie Kalinowski

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Kristie Kalinowski

Sylvan Learning

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