Supplemental Education Franchise

Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

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Listing Information

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Learning Center Franchise
Listing ID: SB574	Location: Santa Clara County
Broker:	Joan Young Ph:(408) 436-1900 x102

Listed Price:

$355,000

Total Sales:

$480,916 (August1, 2010 - July 31,2011 TTM)

Seller's Discretionary Earnings:

$155,928 (August1, 2010 - July 31,2011 TTM)

Down Payment:

Negotiable

Training:

3 weeks at corporate, plus local

Inventory Included:

$1,000

Note:

Negotiable

Business Information

Year Established:

1997

Number of Employees:

2FT/1PT Director(s)

19 PT Teachers

Days and Hours of Operation:

9AM - 8:00PM (Mon - Thurs)

9AM - 6:30PM (Friday)

9AM - 3PM (Saturday)

Working Owners:

Facilities:

2,000 sq. ft.

Lease Information

Lease Expiration Date:

October 31, 2012

Option:

5 year extension

Monthly Rent:

$4,100 + $1,113 = 5,213

Additional Information

Reason for Selling:

Moving onto other ventures

Business Description:

This is the premier accredited Learning Center franchise in the U.S., and this location has been operating for 14+ years. It is located in one of the best areas in the Bay Area for an education-focused business. This business is unusual in the franchise system as it has a very large protected territory, protecting it from encroachment by other franchisees in this system. Operating at this location for over 14 years, it has consistently ranked in the top 100 revenue generating units nationally.

The staff is one of the best parts about this business. The average staff tenure (not including the owner) is 4 years, which is excellent for this industry. It has a recently remodeled facility, a new networked computer system with Win 7 operating system and proprietary software. It is truly one of the most efficiently designed and operated centers within the franchise system.

The seller is ready to assist a new owner in a smooth transition with the staff as well as with current clients. The business has developed an excellent referral base and has achieved stellar results with its clients. The training available to a new owner is exceptional, both from the corporate office and from the current owner.

Since I helped the owner buy this franchise 14 years ago, I asked him how he has liked being in this business, and he commented, “I don’t feel like I have worked for 14 years.” He has enjoyed it that much! This is a 6 day a week business and the owner has a very flexible schedule allowing for outside interests due to his experienced and committed staff.