Return to search results

Huntington Learning Center

Waldorf, MD (Charles County)

Huntington Learning Center
Contact Seller

Asking Price: $700,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $42,000

Inventory: $38,000

Rent: $8,000 /Month

Established: 1999

Huntington Learning Center

Save Print Share Valuation Report

Business Description

Why Huntington - Industry Leader & Brand Recognition

Huntington is one of the most established and well-respected brands in supplemental education. Huntington Learning Center was founded in 1977 and began franchising in 1985. That’s 41 years of proven success and stability.

System Growth & Sustainability
Huntington is recognized as a pioneer and leader in the franchise tutoring industry and the #1 revenue producing with franchisees earning an amazing 46% more than our closest competitor! The average center revenue has consistent year-over-year growth and a system wide 33 % increase 2010-2017. Huntington operates over 300 distinctly accredited centers in the United States.

Differentiation and Value Added Support
Huntington's proprietary 4 step method details everything you need for training, hiring staff and finding and opening your Huntington Learning Center facility. Our dedicated management team is fully committed to your success and provides support every step of the way. From pre-opening to launch to day-to-day operations, Huntington franchisees benefit from these advantages:
• Highest grossing tutoring franchise
• Flexible business model with opportunities to operate as part time, semi-absentee, or full time.
• Unparalleled training and support in all areas (IT systems, Operations, Marketing)
• Specialized instruction for students with ADHD at all ages

Demand for Services
Tutoring in the US is a $4.3 billion industry and is projected to reach $5.4 billion by 2019. As the sheer number of students continues to grow, so too does the number of concerned parents seeking tutoring for their children. According to the U.S. Department of Education, "the total number of students in public and private elementary and secondary schools is projected to grow to nearly 57 million by 2025".
Tutoring and exam preparation ranks #7 on its list of fastest growing small business industries. Add to this the unparalleled support and technology that come with being part of the Huntington franchise system, and you have an ideal business model for the tutoring industry. If you dream about being your own boss and making a difference in your life and other’s lives, owning a Huntington Learning Center can fulfill those dreams.

Proven Results
The key to Huntington’s success is that we measure and produce results. Remarkably on average, students see an increase of 1 grade level in both Reading and Math, 4 point increases on ACT test scores, and 200 point increases on SAT scores.
Students everywhere face learning and academic challenges and competition. Parents of struggling children or those who just want their kids to achieve a higher level invest in Huntington's programs.

Waldorf Huntington
This Center is now in its 20th year in business. It is well know in the community and by local schools. It is in the Top 20 of 300 centers nationally in revenues and Top 5 in the number of inquiries for tutoring services averaging over 600 per year. With revenues over $1,000,000 the center continues to enjoy healthy growth projected for years to come, as the population of the area rapidly grows and schools struggle to keep up. The full time staff have over 15 years of experience at the center and run the day to day operations from enrolling new students to insuring student programs are effective and challenging.

Detailed Information

Location:
Waldorf, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
3/31/2020
Employees:
60
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The center has over 55 certified teachers in a 5000 sq. ft. facility that is the largest in the company. Franchisor requirements for furnishings, inventory, paint, etc. are up to standards. Curricula is up to date including the latest requirements for technology. The shopping center is undergoing a face lift including a new grocery store scheduled to open August 2019 directly next to the center, which will greatly increase walk-in traffic. The cost per square foot is $19 with a renewable lease ending on March 31, 2020.
Competition:
There is minimal competition in the area. The center has a solid marketing plan that delivers potential clients consistently. This plan is easily replicated by a new franchisee. With 20 years in the same location, we are well known. With thousands of students already helped by the center, their siblings or the same student returning for additional services is an additional revenue stream that is already established.
Growth & Expansion:
An underdeveloped service at the center is SAT or ACT Prep. The one-on-one program for 10th through 12th graders is nowhere close to meeting its potential. Plans to hire a Managing Director to grow this area are now in place to provide substantial increases in revenues by helping many students attend the college of their choice. This is a "feel good" type of business where you are helping so many children become confident and motivated to become better students. You will not get this feeling from food services, automotive, or hair or nail salons.
Support & Training:
The Franchisor provides several weeks of training at their corporate office in NJ. A Franchise business Consultant and a coach are assigned to the new Franchisee to insure they know what is required for success. An education background is NOT required. The current owner will provide a month of hands on training once back in the center after training.
Reason for Selling:
Retiring. Yes, I would do it again! Do not call the center directly.
Franchise:
This business is an established franchise
Business Website:
http://HuntingtonHelps.com
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Mike Cardamone

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1659977 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Once Upon A Child

Franchise Opportunity
Cash Required: $90,000