Industry Leading Learning Center in Somerset County town

Somerset County, NJ

Industry Leading Learning Center in Somerset County town
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Asking Price: Get Financing: $65,000

Cash Flow: $25,000

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $30,000

Inventory: N/A

Lease Rate: $2,400 /Month

Established: 2017

Industry Leading Learning Center in Somerset County town

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Business Description

This is an amazing opportunity for a teacher to maintain his / her job and run this business after school OR a business owner who wants to take this business and expand it with minimal additional effort. The price was just reduced and it is a great opportunity. This industry leading learning center sits in one of the more populated towns in Somerset County. The current owner opened this location in late 2017 and owns another location in New York. Due to an unforeseen change in family circumstances, the owner cannot spend time in NJ. The owner is virtually ABSENTEE from this location. He realizes that the best plan is to continue to offer this center at a discount to a qualified buyer. The location is generating cash flow but is only open 6 hours a week – 3 hours per day on two late afternoons / early evenings a week. The center is cash flow positive with a significant opportunity for expansion and much less risky than starting a center from scratch. The center is less than a mile from the grammar school and high school.

Detailed Information

Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
6/30/2027
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
This is one of the top name brands in the learning center space and simply needs an owner who can act as a local business person and do the things necessary to develop the existing market. The owner also has an option to offer services in satellite locations inside this vast footprint.
Growth & Expansion:
There is significant room for expansion in this community where the median household income is above $110,000 and the percentage of residents with a bachelor’s degree or higher is above the county average. The business needs an owner looking to embrace the location, become part of the town’s fabric and generate the kind of enthusiasm and results that this system is capable of delivering!!
Support & Training:
Owner will provide support as will the franchise.
Reason for Selling:
Other business interests
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Jack Cox, CPA, MBA, CBB

Business Listed By:
Jack Cox

NorthBridge Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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