Tupelo Data Room
Other Education & Children
Active

$850k+ Revenue for Franchise Learning Center in SW Cook County

Illinois, United States
Asking Price$549k
Revenue$860k
EBITDA-
Cash Flow$163k
Description
This business has been running for 30+ years. This specific location is one of the top franchisees within the franchise system billing between $800k-$1M annually. Years of hard work have been put into this business to establish the goodwill of this location within the community that comes with strong relationships to local school districts. The current owners can barely provide 5-10 hours a week to this business with one owner being out of state and would like to transition it to an owner/operator that can be at the center a minimum of 10-20 hours a week for good oversight. If you're passionate about the education space, this is an excellent business for you! It comes with strong franchisor support and a brand that is well known in the market while also having a strong marketing co-op among franchisees. The location of this center is in an affluent area. Motivated seller for the right offer and buyer! They current owners will be moving on to other endeavors as they have multiple businesses. They have done the hard work to prune the staff to a core that can run the business effectively while growing the bottom line SDE of the business. Inquire within for a conversation with the owners to hear their suggest path on continuing to grow the business with a smooth transition. There are two scenarios the seller would accept to make this acquisition happen: 1) Stock sale with a small amount of money down as long as the buyer has a good credit rating and collateral to take on the existing SBA loan in place. 2) $450k cash down and $100k in seller financing. Cash flow would immediately improve adding to more SDE based on the monthly payments they currently have with their SBA loan.
Real Estate
Rent is $734,300 per month
Building Size: 3147 sq. ft.
Furniture Fixtures & Equipment
$40k
Inventory
$10kIncluded in Asking Price
Business is
Established Franchise
Number of EmployeesFull-Time: 29
Year Established
1990
Reason Selling
Owner pursuing other business ventures
Support & Training
Number of Weeks Seller Will Offer Training: 2
Growth Opportunities
There is tremendous potential with a local presence of someone that can work with the established staff to regain and maintain the higher revenue levels this center has achieved and beyond!
Financing Options
Seller financing is available.100000.00
Asking Price$549k