Menlo Park, CA
I am selling my in-home tutoring business, Club Z! In-Home Tutoring, San Mateo County. Club Z! In-Home Tutoring is a franchise, and is the largest in-home tutoring company in the world with over 500 locations in the United States and Canada. There are over 50 locations in California. Be part of the lucrative $10 Billion / yr tutoring and test prep industry. No prior business or educational experience required. As a franchisee of Club Z! Inc., you receive support and training from the corporate staff. There is also a call center located in Tampa, FL, which takes the large majority of your client's phone calls (this is an extremely helpful service). The business has a website, www.clubztutoring.com/sfpeninsula/ , that is maintained by a firm that also takes care of Search Engine Optimization (SEO) and manages your Google Adwords (PayPerClick). As an in-home tutoring company, there is no store front, which means no rent costs. The tutors that work for the business go to the homes of clients (and they are not paid for gas). Club Z! In-Home Tutoring provides tutoring for all ages, all grades, and all subjects. The majority of business is regular homework tutoring, however, Club Z also has 6 proprietary tutoring programs with curriculum to follow for clients that are looking for something other than just regular homework tutoring. Included with the business is approximately ~$1700 worth of new workbooks for Club Z's 6 proprietary tutoring programs. Club Z's two most popular programs would be the SAT and ACT test preparation programs. Other programs include "Learning Built to Last Study Skills", "Power of Words Writing Program", "High School Reading Program", and the "Pre-K Program". Club Z! In-Home Tutoring has been around since 1995, and they began franchising in 1998. This specific location that I am selling, the San Mateo County location, has only been doing business for 3 months. Things are going great and business has been increasing as expected each month. In the first month, we had $150 in sales, 2nd month $1022 in sales, and 3rd month $1706 in sales. Sales are expected to increase by approximately $700 each month, as multiple clients are already signed up for summer tutoring. The business started off slow, as expected, because Search Engine Optimization takes time to kick in. As the website has been up and running longer and longer, our Google rankings will continue to increase, and our cost of customer acquisition will continue to go down. By the 3rd month, I have already reached profit, and I was not expecting to reach profit until the 5th or 6th month, so things are going good. Money I have put into the business: - $29,750 for the franchise fee (this is for the rights to use Club Z! In-Home Tutoring's name and receive corporate support and training, and of course the Call Center taking all of your phone calls for your business). The business has 7 "protected" zip codes: 94025, 94027, 94028, 94070, 94062, 94002, 94402. All other zip codes in San Mateo County and all the way up into San Francisco do not have another Club Z franchise, so the business also currently services those other zip codes as well, but those are considered "unprotected" zip codes until another Club Z franchise moves in to the other zip codes. The 7 "protected" zip codes are the 7 zip codes that will always be part of this business. - $700 in extra inventory (in addition to all of the inventory that came with the Franchise package) - $1000/month on Search Engine Optimization / Pay Per Clicks - Less than $100/month on Insurance I myself used to be a teacher for 7 years (definitely not needed to run this business). My last year of teaching was the 2013-2014 school year. After resigning, I took some time off work, and then opened up this business in 2015. I am selling the business because I have decided that I miss teaching too much, and want to go back to it.
San Mateo County, CA
San Francisco, CA
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