Leading Tutoring and Exam Prep Business

Cincinnati, OH (Hamilton County)

Leading Tutoring and Exam Prep Business
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Asking Price: $245,000

Cash Flow: N/A

Gross Revenue: $375,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,500 /Month

Established: 2009

Leading Tutoring and Exam Prep Business

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Business Description

Changing lives and solid revenue for 19 years. Beautifully remolded.

For over 19 years this location has built a solid reputation for improving students’ lives and academic abilities. In addition to being in one of the fastest growth market segments, the franchise continues to receive national recognition for performance and parent satisfaction. As the current owner has been transitioning towards retirement, the center is well positioned for growth, supported by its strong awareness, reputation, marketing and loyal staff. The owner is selling the newly remolded center at less than the price of opening a new center to allow for an easy transition.

The center helps students improve grades, raise test scores, learn good study habits, and boost their overall academic confidence and motivation. The individualized approach and proven curriculum produce results, including raising multiple grade-levels in reading and math within months. The center also prepares students to excel on college entrance exams, generating industry-leading point increases. Ultimately, the business can do more than generate strong business results; it makes a tangible difference in students’ lives.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
7/31/2021
Employees:
12
Facilities:
Within the last year, the center has moved a few miles to a new location, with a larger, newly remodeled facility. This location puts the center even closer to the key schools and in the heart of the higher-income area, while also cutting expenses by lowering rent. There is also an opportunity to further expand by opening new locations in the area.
Competition:
The tutoring industry is ranked as the 7th fastest growth industry for small businesses, generating annual sales of $4.3 billion. The industry is also viewed as one of the more recession proof industries based on the value parents put on their children’s education. There is one primary local competitor and other smaller competitors. This center and the other local franchisees are considered the leading service in the city.
Growth & Expansion:
The location was one of the original in the city and has grown in both size and reputation. The location’s awareness is strong and has expanded due to strong marketing, relationships with the schools, and word-of-mouth referrals. As the owner has been transitioning towards retirement, the center is well positioned for renewed growth. The combination of the center’s strong new location, long-standing reputation, revamped marketing, and enthusiastic team positions a new owner to experience meaningful growth.
Support & Training:
The current owner is willing to support the buyer post sale to ensure a smooth transition. The Franchisor also provides extensive training, established systems and processes, and on-going support, allowing owners with no educational experience to thrive.
Reason for Selling:
Owner’s desire to transition towards retirement
Franchise:
This business is an established franchise
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Business Listed By:
Tim Moellering

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