Listing Number: 041621-131690
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.
Listing Details
- Price: $549,000
- Down Payment: $450,000
- Sellers Discretionary Earnings: $162,876
- Total Sales: $860,270
- Location: Cook County, Illinois
- Inventory: $10,000
- FF&E: $40,000
- Employees: 29
- Year Established: 1990
- Reason for Selling: Owner pursuing other business ventures
- Category: Educational/School
