Huntington Learning Center

Lutherville, MD (Baltimore County)

Huntington Learning Center
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Asking Price: $70,000

Cash Flow: N/A

Gross Revenue: $230,000

EBITDA: N/A

FF&E: $35,000

Inventory: $25,000

Rent: $6,500 /Month

Established: 2008

Huntington Learning Center

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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 42 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! 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.

Recently, Huntington corporate surveying 3,298 parents of seniors graduating in 2019 who took a Test Prep program at Huntington (SAT or ACT). We obtained scores from 1,715 students.

Here are highlights from the national results:
• The average SAT score went from 1016 to 1264 after completing a Huntington SAT Prep Program – 248 point increase
• The average ACT score went from 21.8 to 27.7 after completing a Huntington ACT prep program – 5.9 point increase
• 3,298 students were accepted at 936 colleges
• Over $187 million dollars in scholarships
• Over $71K per student in scholarships

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. 95% of Huntington families recommend our services to others.

Lutherville Huntington
This Center is now in its 12th year in business. It is well know in the community and by local schools. The owners have over 12 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. The part time staff of mostly certified teachers have over 20 years of experience at the center instructing new students in the Huntington advantage. Our challenging programs help students reach their goals. The current owners will be willing to stay on for up to six months to guarantee a smooth transition for the new owner. The selling price includes the owner staying on for a minimum of 45 days.
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Detailed Information

Location:
Lutherville, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
7/31/2020
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The center has over 12 certified teachers tutoring on a regular basis, Monday thru Saturday. Franchisor requirements for furnishings, inventory, paint, etc. are up to standards. Curricula is up to date including the latest requirements for technology. A renewable lease ends on July 31, 2020, with the tenant willing to consider to split area, and reduce square footage.
Competition:
There are several competitors in the area. With 12 years in the same location, we are well known, in the community. With hundreds 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. Located on the main road (York Road) provides opportunities for many people to view center. The center has been recently painted on the outside with new signs that make the center more visible. Located near many, elementary, middle and high schools.
Growth & Expansion:
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. 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. The area is recognized as having many outstanding high schools, one of the best for preparing students for college.
Support & Training:
The Franchisor provides three weeks of training at their corporate office. A Franchise business Consultant and a coach are assigned to the new Franchisee. An education background is NOT required. The current owner will provide 45 days of hands on training once back in the center after training. The owner is willing to stay on for up to 6 months for smooth transition.
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
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Business Listed By:
Ed Barczak

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