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- RE: Independently Owned Community Based Tutoring Center
- Contact: Dan Walkowski
Quick Facts
Asking Price: | $160,000 | |
Annual Revenue: | $170,705 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $53,814 | |
Total Debt: | Not Disclosed | |
FF&E: | $35,152 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 955011 | |
Broker Reference #: | 59071-398219 |
Business Overview:
This learning center was developed in the community for the community. Parents are committed to help their school age children grow and improve through participation in this learning program. Each student is assessed and a custom lesson plan is created weekly which focuses on areas of opportunity for each student. Progress reports are delivered weekly. A team of talented tutors enables learning through positive support and encouragement in a great learning environment. Here's an opportunity for a new owner to take what the founder started and grow.
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Property Features and Assets:
The business was sparked by the owner through a business model created as a masters thesis. The owner started with the foundation and refined and developed curriculum to help kids improved in each subject. The business grew the first 6 years. The owner expanded the business, taking over an adjoining store front. The high school program ran for 8 years. Then Covid hit and impacted the business significantly. The owner phased out of the adjacent space and focused on the primary space to rebuild the business. This business has a great reputation in the community for helping students improve. This center has worked with over 3,500 students from the surrounding areas. The current target plan is to serve up to 70 students per week.
Market Competition and Expansion:
85% of business comes from parents referring other parents. The other 15% come from folks using the internet to find the center. Marketing is the biggest opportunity to fuel growth. A huge area of opportunity is reaching homeschool students and students doing on line curriculum programs with Baker Web Academy, Summit Learning and other on line learning platforms. Additionally, 3rd and 4th graders from the Covid period have experienced the most impact from a deficit in learning and development. Targeting those families creates more opportunity. Additionally, targeting home schooling families is another area of growth opportunity. This business is geared to handle up to 100 students per week.
Kumon and Sylvan learning are in Portland and are corporate franchise programs that have a systematic learning plan. There are very few organizations and programs to serve the local community. There are some non-profit organizations that participate in growth and development through volunteer support. This is an alternative and not necessarily competition. This center assesses each student and creates a personalized custom lesson plan that is crafted specifically to target specific growth areas. Investments are made in the latest books and tools that schools are using in the education system.
Reason for Selling:
Owner pursuing other interestsAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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