Private Owned Tutoring Business

Winter Park, FL (Orange County)

Private Owned Tutoring Business
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Asking Price: $37,000

Cash Flow: $78,000

Gross Revenue: $132,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,911 /Month

Established: 2003

Private Owned Tutoring Business

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Business Description

Wise Owl Tutoring provides affordable, one-on-one tutoring and test preparation to students of all ages- elementary school through college. Locally owned and operated since 2003 (they’re not a chain), Wise Owl is dedicated to providing quality instruction at affordable rates.
The Center offers tutoring for most subjects in the area elementary, middle, and high schools including Math, Reading & Writing, and Foreign Language. Tutoring is also offered for many college classes. To control expenses for many parents, 8-week class sessions are available for both ACT and SAT exams.

Detailed Information

Location:
Winter Park, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
10/1/2019
Employees:
5
Facilities:
The Center is located within the Crealde Business Centre located at 2431 Aloma Ave., Suite 201, Winter Park, Florida 32792. The tutoring center has 2100 SF that is deemed to be more than adequate space to support current and expanded operations. Also made available to the tutoring center are two conference rooms and a media center. The business center also has onsite indoor mailboxes, fax machine, and receptionists. Business is in a lease until October 2019 with an option to renew, cancel, or month to month. Lease includes free electricity with no limit.
Competition:
Wise Owl serves students throughout Central Florida. We have students from Maitland, Winter Park, Altamonte Springs, and surrounding areas. Many of the center's clients are secured by internet. Wise Owl is on the first page of google search and #5 on Yelp. • No contracts or application fees. • No minimum number of tutoring hours required. • No diagnostic testing required • Free snacks and beverages • No hidden fees. Rate structure is as follows: • Personal Tutoring- $45/hr. • SAT/ACT Test Prep- $50/hr. • SAT 8-week Class $450 • SAT/ACT Crash
Growth & Expansion:
The business has room for grow and increase profits as it is currently piloting virtual tutoring. There has been success in the current pilot and looking to expand in the future. Can implement diagnostic testing to create curriculum for students and increase focus on elementary students. There is room to increase tutoring rates as we offer tutoring at lower rates than surrounding competition. There is no other tutoring center within a 3 mile radius. The business center yields high traffic due to many businesses that are located in the business cente
Support & Training:
The logistics of the tutoring center allows for the owner to operate remotely if desired. Owner will provide 40 hours of on-site training post sell. Training will consist of appointment scheduling, website maintenance, payroll, contracting tutors, customer management, bookkeeping, tutoring approach, and more.
Reason for Selling:
Owner is starting a new business in a different county.
Business Website:
http://www.wiseowltutoring.net
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Business Listed By:
MICHELA GREMILLION

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