Turnkey Business in Exclusive South East FL with HUGE Potential!

Lake Worth, FL (Palm Beach County)

Turnkey Business in Exclusive South East FL with HUGE Potential!
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Asking Price: $425,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1995

Turnkey Business in Exclusive South East FL with HUGE Potential!

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Business Description

2 Established Sylvan Centers in South East, FL for Resale!

Well established (23 years and 31 years) with locations in both high-income areas and another with tremendous growth opportunities give a potential owner great upside for a thriving business. Leases are both at very favorable terms, lowering operating costs and in bright and updated suites. Located in very busy and convenient high-traffic plazas with strong anchors such as Publix, Starbucks, Walmart and Dance Academy’s there are dozens of schools within an 8-mile radius of the plazas. The centers both have very satisfied customer bases in place and provide a strong starting point for new owner to continue to grow both territories. Franchise geographical territories are very large and provide many opportunities for added satellite locations and partnerships into other affluent areas including Palm Beach Gardens, North Palm Beach, Wellington and Royal Palm Beach. The centers have long standing relationships with many PTO’s and community groups which a new owner could benefit from as well as many clients who travel to the center from counties just north of Palm Beach. Opportunity is priced low for quick sale.

We have north location that offers a bright and beautiful space in amazing Jupiter, FL. The space was built out to our specs in 2014 and the landlord is Publix Supermarkets. We are in a busy plaza on one of the most traveled streets in all of Palm Beach County. Publix Supermarkets serves as the anchor tenant along with Starbucks and Sun Trust Bank. Our space is designed to appeal to the upscale demographic we serve. We want all families to come in and feel welcomed and comfortable.

Our South location is set in the established area of west Lake Worth. The center is within one of the busiest intersections in all of Palm Beach County, which is anchored by Petco, Walmart Neighborhood Market, and one of the largest Dance Academy’s in South Florida.

Real Estate: North location has leased space newly built to suit in 2014! Lease expires in 2021, with options to extend up to 10 additional years. South location has a large suite with plenty of room for expansion with options to renew.

Real Estate Square Footage: North Location 1432sqft, South Location 2880sqft

Employees: 15 in Lake Worth, 11 in Jupiter

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
1,432
Employees:
11
Facilities:
All furniture, iPads, computers and educational materials are included in the sale of the business! Jupiter: Our space has a shaded patio attached that serves as a second waiting room for families. All the furnishings are new/updated within the last 5 years. The lease is priced VERY low for the area which helps the business’ overall profitability. Lake Worth: This is a very busy center with a lot of students in the immediate surrounding area. The center is in a very busy shopping plaza which leads to a higher volume inquires and students.
Competition:
Jupiter: The Center has a very positive relationship/partnership with the local public and private schools and counselors in the area that serve as valuable referrals. There are no direct competitors in a 10 mile radius of our center which make this opportunity very exciting! Lake Worth: There is competition within the tutoring industry locally, Sylvan’s individualized programs, breadth of services & flexible payment options allow the brand to offer a complete solution for families which has allowed us to outlast any of the competitors in the market.
Growth & Expansion:
Both territories offer one brick and mortar center, so each territory has several options for satellites delivering an after-school EDGE/STEM programs. A hands-on owner can easily expand the customer base by giving personal attention to high end customers, while taking advantage of the many community events, in addition to the opportunities to open satellites in the affluent area of Palm Beach Gardens, Boynton beach or Royal Palm Beach for tutoring and STEM programming. This is an an exciting opportunity to be apart of this amazing community!
Support & Training:
The current owner is willing to provide support through onboarding post sale to ensure a smooth transition. The franchisor provides a plethora of training and support ranging from a personal Franchise Business Consultant and a Local Marketing Specialist, a 4-day-intensive in-person training in the beginning of the transition as well as a multitude of other training.
Reason for Selling:
The franchisee has personal commitments out of state.
Franchise:
This business is an established franchise
Business Website:
http://locations.sylvanlearning.com/us/lake-worth-fl
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Business Listed By:
Courtney Wells

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