Educational Tutoring & Test Prep Business For Sale New Jersey

Chester, NJ (Morris County)

Seller Financing Available

Asking Price: $675,000

Cash Flow: $230,969

Gross Revenue: $758,258

FF&E: $30,000

Inventory: N/A

Rent: $3,300

Established: 2010

Business Description

Tutoring & Educational Business catering kids K-12

Educational tutoring service that helps students K-12 learn for the purposes of enrichment, performing better in school, performing better on exams and for the purposes of assisting with college entry. Business has over 40 tutors and administration personnel. The majority of the tutoring takes place in person, however a new owner could increase the amount of virtual learning and tutoring. Business has a great location with inexpensive rent and plenty of room for expansion. Buyer does not need to have an education background, but any experience is a plus!

Detailed Information

Location:: Chester, NJ
Real Estate:: Leased
Building SF:: 2,450
Lease Expiration:: 1/30/2030
Employees:: 45
Furniture, Fixtures, & Equipment (FF&E):: Included in asking price
Facilities:: Well-located facility with a central location and inexpensive rent.
Competition:: Business has a terrific reputation in the area with hands-on learning.
Growth & Expansion:: Lots of room for expansion especially if a new owner wants to take the business to additional locations or to have a more virtual presence.
Support & Training:: Seller will work with the buyer to make for a smooth and easy transition into the business.
Reason for Selling:: Seller is looking to relocate.

Listed By: Lee Ossin

Background information

Reference:

Tutoring400-04377

Year established:

2011

Reason selling:

Relocation

Finance

Sales:

$758,258

Profits:

$230,969

Operations

Employees:

Premises

Square footage:

2450

Location:

New Jersey

Price and terms

Price:

$675,000