Asking Price: $130,000 Gross Revenue: $278,787Cash Flow: $66,005 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $20,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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 with an experienced center director in place to allow minimal owner involvement in day-to-day activities; however, additional involvement by the owner in managing the business would result in higher discretionary income.
About the Business
Number of Employees:
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. The current owner purchased one location in 2009, and the second location was purchased in 2013.
Competition comes from several other national franchises with locations elsewhere in Salt Lake County, other after-school programs, and independent private tutors.
Growth & Expansion:
Demographics indicate the potential for significant growth in this community, and the current territory has room for expansion. Additional growth could come from opening new centers, including satellite offices, as well as offering new programs provided by franchisor.
Multi-Location Personalized Educational Tutoring Center
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