19 year in-home and online virtual tutoring service

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Background

BizEx ID:BizEx1351-SL
General Location:, MN
Category: Educational Services
Consumer Services (B2C)
Years in Business:19
Under Present Owner:all
Hours of Operation:standard
Owner Hours:standard
Training:4 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:n/a
Lease Options:n/a
Building Size:n/a
Employees:1
Reason for Sale:travel, spend time with family and other business interests

Financials

Asking Price:$225,000
Down Payment:Negotiable
Gross Sales:$312,000
Discretionary Cash Flow:$97,150
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:$10,000
Real Estate Available?No
Rent:$0
Payroll:$1,600
Financing:SBA

2020 2019 2018
Gross Sales $ 312,586 $ 322,515 $ 338,767
Gross Profit $ 163,277 $ 151,923 $ 152,569
Disc. Earnings $ 97,154 $ 103,117 $ 99,779

Pictures


Description

Founded in 2002, this business is an in-home and online tutoring company tailoring education to fit students specific needs. They have highly qualified tutors nationwide with a concentration in the Upper Midwest (MN), covering every subject imaginable. These tutors work under a contractor status, they are not employees.  They tutor students from Kindergarten through College and take time to carefully match each student with the best tutor based on several criteria, including academics and personality.  Other than school year seasonality, this business does not experience cyclical trends, and parents would consider their services essential.  Their services include private one on one in-home or online tutoring. K-College levels, all academic subjects, standardized test prep, ACT/SAT/GRE/GMAT/LSAT, high school entrance exams. Organizational and Study Skills, time and project management

  • steady income and margins
  • 3-year average income = 324k
  • 3-year average Gross Profit = 156k
  • 3-year average Adjusted Net = 100k
  • Business can be ran from anywhere (relocatable) 
  • Between 50-85 independent contractor tutors per school year

Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations