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Tutoring & Learning Center

Boise, Idaho (Ada County)

Services - Educational Services | Services - Other Personal Services

Asking Price $220,000 Inventory  
Gross Income $200,000 Real Estate  
Cash Flow Not Disclosed Year Established 2007
FF&E $210,000* Employees 1 FT owner, 2 P

* included in the asking price

** not included in the asking price

This franchised tutoring center offers individualized education services for students from kindergarten through twelfth grade. Certified teachers tutor the students and software provides management for all student academics and accounting, freeing the owner to market and grow the business. The center offers individualized instructors with tutors in programs for reading, math, writing, vocabulary, study skills, phonics, comprehension, and ACT/SAT/PSAT preparation. The franchisor is national, with over 400 locations in 41 states, providing curriculum, strong training and support for owner. The Wall Street Journal's Center for Entrepreneurs called this a "Top 25 Performing Franchise . Franchisees come from all walks of life, including sales, marketing, finance, real estate, administration, military, engineering, and education. The common theme among its diverse network of franchisees is an entrepreneurial spirit, the desire to be successful, and the need to have a business one can feel good about. All assets located on the premises and utilized in the operation of the business except cash and personal items are included in this sale. Main assets include the curriculum (40K), the 10-year franchise license (60K), tenant improvements required by franchisor (70K), and furniture and computers valued at 40K. Total asset value is estimated at $210,000. The seller will pay the 17K franchise transfer fee. A complete list of assets is included in the Confidential Business Review.

Facilities: 2500 square feet with ample parking. Five year lease expires August 2011. Base annual rent is $19.25 per square foot with common area monthly expenses of $0.25 per square foot., Suite 140 Boise ID 83709.

Competition: This is one of a dozen learning centers in the Treasure Valley. This one has national recognition and marketing behind it. Every 12 minutes a parent calls this franchisor or one of its franchisees to get the attention and results they can t get anywhere else. Its success lies in the one-to-one attention it devotes to every student and the expertise of its caring, certified tutors.

Growth/Expansion: The concept sells itself. It s a matter of getting the word out that this franchise is near-by and accessible. School visits, direct mail, and targeted advertising have all produced a growth in clients.

Financing: Take over existing loan. No down payment!

Support/Training: The franchisor offers a five-week training program. A separate Fast Start Program helps new franchisees accelerate start-up and gets them on the fast track to success. Ongoing training and support is available in center operations, marketing, education and systems. Optional services include sales coaching and call center assistance.

Reason Selling: Owner needs to sell due to health reasons.

AD # 393498

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