Children's Afterschool / Weekend Drama Program
Location California,United States
Asking Price Range < $250K
Gross Revenues $120000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory 10300
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Other interests.
Description This franchise business provides after school, weekend and summer drama programs for children ages 5 through 17 that help children develop confidence, enthusiasm, self-esteem and conversational ability. There are currently 350 students and growing.
Classes are one hour per week and are held at neighborhood schools, recreation centers and churches. There are fall and spring semesters and a summer program. Non-repetitive curriculum.
This business owns two large territories in San Diego and includes several high income communities. There are approximately 200,000 single-family households in the territory.
Students are primarily children from middle to upper income families. Enrollment has grown by 50% per year from 154 in 2003 to 343 in 2005. The current owner has accumulated a database of 2,000 customers and potential customers who inquired about the business.
The business advertises in magazines and in local community papers. The franchiser also advertises on a national basis. The business has a website which includes on-line enrollment.
The territory has not been fully developed and significant growth is expected. Enrollment is projected to grow by a minimum of 25% per year until it reaches a target enrollment of 700 students. Growth will be achieved by marketing in underdeveloped communities, developing the 13-17 years old youth theater program and adding more programs at schools. Franchiser is developing curriculum for preschoolers and day care centers. According to Entrepreneur magazine, the fastest growing franchises are children related.
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