Education & Tutoring Franchise For Sale

Needham, MA (Norfolk County)

Seller Financing Available
Education & Tutoring Franchise For Sale
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Asking Price: Get Financing: $19,999

Cash Flow: N/A

Gross Revenue: $255,000

EBITDA: N/A

FF&E: $20,000

Inventory: $1,000

Lease Rate: $43 /SF/Year

Established: 2012

Education & Tutoring Franchise For Sale

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Business Description

Asking: $19,999

Achieve financial success while making a difference in your community

Now you can own an existing Huntington Learning Center in Needham, Massachusetts! What's in it for you? The ability to work for yourself, to make a difference in a child and family's life along with making money while experiencing high job satisfaction.

Capital required is primarily for operations. Minimal investment needed for equipment and supplies as this is an established business. Buyer must qualify as a Huntington franchisee.

When you own a Huntington Center, you join a respected group of professionals with one mission: To give every student the best education possible. As a Huntington franchisee, you will inherit our reputation for excellence, and be recognized in your community as an industry pioneer and a premier brand of tutoring services.

The Needham Huntington Learning Center (Center) is a franchisee of Huntington Learning Centers, Inc. whose headquarters are in Oradell, New Jersey. The Center began operations in 2012. Huntington Learning Center was founded in 1977, and began franchising in 1985. Founders Dr. Raymond and Eileen Huntington established their first learning center in 1977 with a goal of helping students succeed in school by reaching their full potential. Today, they continue to offer students K-12 and adult’s supplemental instruction in reading, writing, math and study skills, subject tutoring as well as preparation for ACT and SAT exams.

Huntington Learning Center operates nearly 300 centers in 38 states and is recognized as a pioneer and leader in the franchise tutoring industry. This Franchise Center provides quality, personalized instruction to students through respected certified professionals ensuring that every student receives the best education possible. Huntington Learning Center is the #1 revenue producing tutoring franchise, with an average earning of 62% more revenue than our closest competitor.

Huntington helps thousands of students reach their educational goals while providing a dynamic work environment for their employees. Teachers instruct at a pace keyed to the individual child using materials geared for the student’s specific level. Today, Huntington is the oldest national provider of supplemental education services in the United Sates as well as the 2nd largest company in this industry.

The Center leases space on Highland Avenue in Needham Heights between Needham Center and Newton. We are right at exit 19A off 95/128. The Needham Center draws students from Needham, Newton, Wellesley, Westwood and surrounding communities. The area population includes thousands of children from ages 5 to 19, the target demographic for this business. This area also has several private secondary college preparatory schools that are academically competitive.

The Center’s desirable location, the powerful Huntington Learning Center brand and a service industry that continues to expand combine to make this an attractive business opportunity.

There are no state or federal licensing requirements. The Center however has voluntarily sought and received accreditation from the Middle States Association of Colleges and Schools (MSA) a regional accrediting education commission. MSA has developed a process to assure the quality of educational services provided by supplementary education providers. The accreditation was issued to the Center in December 1, 2014 and is valid through December 1, 2021.

Needham and the surrounding communities support our center as parents want their children to succeed and parents are committed to their student's educational success.

A Huntington franchise is designed to support your goals: (1) significant income potential; (2) multiple revenue streams; (3) unparalleled 40 years of experience with proven results; and (4) a team of seasoned corporate support personnel with significant tutoring industry experience.

For more information on becoming a Huntington franchisee, call or

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,309
Lease Expiration:
9/25/2019
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We have a wonderful learning environment that includes a lobby, 2 offices, an administrative area, a testing room, a separate 1-on-1 room and the main teaching floor. The Center can accommodate as many as 19 students at a time. Additional storage is available in the basement. The current base lease expires on 9/25/19. There is an option to extend for an additional 6.5 years. It may be possible to negotiate new lease terms in conjunction with the purchase of the business.
Competition:
Competitors include:(1) Kumon Math & Reading Centers located within 3 miles of the Center. Kumon is open on a limited basis during after school hours. We offer services to children generally 6 days a week; (2) Sylvan Learning Centers are more than 7 miles from the Center; (3) Mathnasium locations are 2-3 miles from the center and (4) individual tutors. HLC has many advantages over our competition and is the only program that provides a full guarantee of its results.
Growth & Expansion:
Additional revenue growth will be experienced by expansion in the Learning Center service and subject tutoring. The higher ed/college market for new students continues to be very strong. Helping a family's son or daughter gain admission to their desired college is so rewarding and we have many stories of such success. Our exam prep business continues to be strong along with subject tutoring and learning center services.
Financing:
Will discuss certain financing options.
Support & Training:
All buyers will need to attend a Discovery Day in New Jersey. All new owners must attend a comprehensive training program at the corporate HQ in Oradell, NJ. Each franchisee is also provided with on-site support through periodic visits and frequent communication. The current owners will also provide training and orderly turnover to the new owner.
Reason for Selling:
Owner must sell quickly; Changing family situation requires undivided attention
Franchise:
This business is an established franchise
Business Website:
http://www.huntingtonhelps.com
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Business Listed By:
Stephen Golden

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