Office ID: #000940
Well-known franchise educational learning center with diverse education program for all age groups is available for acquisition. This business was originally established over a decade ago in 2007 by the current owner of the business. Most of the customers are middle-class families with children that live in the surrounding densely populated residential neighborhoods and students from the school districts that are in the local area. Net sales for the past 3-4 years have been in the range of $375K to $430K/year with an outstanding growth in current year as the population of the local area is consistently rising and more students are attending the school districts that carpet the area. Although corporate marketing is in place online, other proactive marketing tactics is needed to maximize income potential while reaching out to larger population areas to grow the customer base. Competition can be expected in this competitive industry, but this franchise has a business model that diversifies the customer base while providing customized programs for each individual compared to the competitors that specialize in one type of education. There are many ways to proactively market this franchise business such as direct mailing, fundraiser programs, online enrollment, social media outlets and working with local schools as well as child related businesses. Increasing corporate contracts with the local large school districts will be beneficial to bringing a consistent source of revenue each year as the student numbers grow. This franchise learning center has everything in place for a potential buyer to proactively market in the local area while being an owner-operator managing the day-to-day business operations.
This business is located in a well positioned retail strip center that has a large market for educational learning centers for students. At the end of 2019, the premises was completely renovated and efficiently downsized to its optimal size of 1,391 SF which has in result put the size of this center comparable with the average size of other peer centers. In addition, a brand new A/C unit was installed in 2019 as well.
Some marketing is done by corporate through online resources and working with schools, but other proactive marketing methods needs to utilize to generate more cash flow and acquire new customers.
Few competitors is within the immediate market area, but this franchise is the only specialized learning center that has a diverse range of services with customized tutoring for each individual customer.
Other business opportunities
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.