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Businesses For Sale   >>   Des Moines Businesses For Sale   

Established Franchise Educational Center

Location  Des Moines, Iowa, United States
Asking Price Range  < $250K
Gross Revenues  $328000
Net Profit / Cash Flow  $33000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2006
Number of Employees  10 - 19
Inventory  90000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller & franchisor will provide training
Reason for Sale  Other business demands

Description  
Extremely motivated seller has made a career change and must sell this business. Literally giving it away at $25,000! The curriculum and furniture, fixtures, and equipment are worth nearly three times that amount. This opportunity will not last long! Established franchised educational center specializing in supplemental education for all age levels. Services include improving academic skills, subject tutoring, and exam preparation such as ACT and SAT. The business does not require owner to have a teaching degree as franchisor will provide all tools necessary to own and operate the business. Ideal owner is a high quality business person, typically from the corporate world who is a business-minded individual with high energy and likes kids. This is a growing industry that is recession resistant and gives franchisees the opportunity to run their own business with a professional staff and a nice work environment. The franchise has been in the tutoring business for over 30 years and has the experience and expertise to assure franchise owners are successful and profitable. Opportunities: Current owner is absentee. A new owner could operate the businesses on a day-to-day basis eliminating the need to pay for a director. The business needs focus and additional marketing. Tutoring is an $11 billion dollar industry and is expected to grow 6% per year through 2017 according to the Education Industry Association. Purchasing an existing franchise will save a buyer thousands of dollars as new franchise locations can cost up to $300,000 to open. The business has had sales as high as $360k in its 1st year of operation, and in 2011-2012 floated in the mid $300’s, however the 2013 through 2014 saw a slide. The reason was twofold- the owner’s decision to reduce advertising/marketing endeavors and there were personnel changes that attributed to the decline. This is a turnaround opportunity, and needs a Buyer who after visiting with corporate, seeing successes with


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