Office ID: #001048
A globally well-known franchise educational learning center in the Mid-Cities area is available for acquisition. This business was originally established in 2016 by the current owner of the business. This franchise offers math & reading programs for all age groups using its proprietary programs that have been perfected for almost 7 decades. In addition, this business is currently providing virtual classes in consideration of the pandemic situation and being actively promoted. The total enrollment capacity of this learning center is 300, and currently, about 100 students are enrolled. Most of the customers are middle-class families with children living in the surrounding densely populated residential neighborhoods and students from the school districts that are in the local area. The customer base is of a well-mix of various ethnicities while Asian is taking a large portion of the base. Although there are a couple of daycares and learning centers within the immediate market area, this franchise is one of the oldest established franchise learning centers and has a stronger brand name than any franchise. One of the biggest competitive advantages that this business has is its unique math and reading program that has been developed over the past 67 years, and as a result, the program has been very effective for students and has been well received by parents. It is also offered at an affordable price. Revenues have been growing every year, running at around 145K-172K per year with a low overhead since its inception in 2016, but the growth has been temporarily halted due to COVID-19 in 2020. Although the education industry is negatively affected by COVID-19 due to the temporary dive in demand for one-on-one learning, there is no significant impact on this learning center as its program is a self-study model with very minimal in-center and one-on-one session hours. Although some marketing is in place through the franchisor and Facebook, more of the store-level marketing and online ADs such as direct mailing, fundraiser programs, online enrollment, social media outlets and working with local schools as well as child-related businesses, etc. need to be utilized to reach the maximum number of students capacity of this learning center which would result in achieving maximum income potential for this business. Another advantage of this business is its minimal in-center workhours which would enable the new owner to focus on the marketing of the business and back-office management. This is a great opportunity to acquire a well-established franchise learning center for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.
This business is located in a 2,400 SF space of a retail strip center that is placed next to the busy intersection surrounded by an enormous presence of retail chains with heavy traffics. The facility has been remodeled in 2016, and all equipment is well-maintained and in excellent condition.
Corporate marketing is in place through online resources that reach a large audience, but other types of local marketing and more online ADs are crucial to the further growth of these businesses.
There are several daycares and after-school learning centers within the immediate market area, but this business offers unique programs that have been perfected for more than 65 years.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.