***Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don't wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
Founded almost two decades ago, the business is a platform for industry leading tutoring techniques and teacher certification. The business effectively teaches struggling readers how to read and teaches educators how to teach struggling readers.
The business has thrived despite the pandemic, particularly because it forced the Company from a face-to-face tutoring model to online. Transitioning its services online has broadened the company’s reach and increase profitability, and has opened up a universe of potential growth opportunities for a new buyer in terms of expanding its online learning ecosystem. The Company has reams of materials just waiting to be effectively productized and sold online.
The business has built a fantastic reputation and should continue to thrive under new ownership.
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Company is home-based.
(1) Continued Expansion Online: The move to an online format has allowed the company to expand its reach across the country. This has led to a notable increase in revenue and profitability, and the owner believes that this is only the beginning for the right buyer. (2) Targeted Marketing: The training portion of the business could be expanded greatly. Local governments and studies are concluding more and more often that the approach that the company teaches is the best way to teach students with emphasis on multisensory approaches to learning.
Investment Highlights Include: (1) Industry Leading Techniques: The system used is a unique and individualized reading curriculum based on a leading philosophy that aims to help students improve their reading and spelling skills. (2) Fantastic Local Reputation: The company enjoys a spotless reputation with its providers and clients with countless personal testimonies and a 4.3/5 star rating on Google.
The seller would like to continue working for the business with a focus on developing the teacher training program.
Ownership is willing to provide reasonable and customary transition assistance.