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Listed by:

Transworld Business Advisors of Utah County

Multi Location Personalized Educational Tutoring Center For Sale

Salt Lake County, Utah
Asking Price:
$100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$262,000
Cash Flow:
$56,647

This is an opportunity to purchase a fully-operational, well-respected and nationally acclaimed multi-disciplinary tutoring program franchise.

The business consists of two locations in high traffic, demographically desirable areas in Salt Lake County and provides cutting-edge personal learning services for K-12 students. This is an outstanding opportunity for a business-minded and people-minded professional and/or a retired teacher to take this franchise to the next level.

Teaching experience is not required for the owner. It is a turn-key operation which allows for limited owner involvement in day-to-day activities. However, additional involvement by the owner in managing the business would result in higher discretionary income.

Property information

Real Estate:

Lease

Lease Terms:

Rent is based on both facilities - 1700SF/$3,200 & 2100SF/$3,375

Leasehold Rent:

$72,000 per annum

Location:

There are two locations for the business - one is further north, and the other is in south central Salt Lake County. Both locations are along a main road, close to the highway. The current owner purchased one location in 2009, and the second location was purchased in 2013.

Premises Details:

The tutoring program was founded in 1979 with a strong track record of success and has been franchising for over 30 years. There are currently over 800 worldwide locations in operation. This business has two locations, both of which opened in 1983.

Business Operation

Expansion Potential:

Demographics indicate the potential for significant growth in this community, and the territory being purchased has room for expansion. Additional growth could come from a focused local staff, marketing plan and development, opening new centers, including satellite offices, as well as offering new programs provided by franchisor.

Competition / Market:

Competition comes from several other national franchises with locations elsewhere in Salt Lake County, other after-school programs, and independent private tutors.

Reasons for selling:

Pursuing other ventures.

Trading hours:

Monday - Saturday based on school hours.

Employees:
16 - all are part time
Years established:
35

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The seller will provide two weeks' training.

Financing available:

Owner willing to finance up to $20,000 for a qualified buyer at 6% for up to 18 months.

Furniture / Fixtures value:
$38,000 - included in the asking price
Website:
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Contact Information

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