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Listing ID: 3196391

Specialized Learning Center in East Henderson For Sale

Clark, Nevada, United States

$ 250,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 170,000

Cash Flow: $ 100,000

Business Description

The sale is an established learning center specialized in helping with students that have Dyslexia. It has been operating and growing since 2015.
Sale includes around 30 face-to-face and online students that come to the learning center. Each student comes for twice a week session at around $55/hour.
Inventory of materials and furniture included in the sale.
Started in 2015 and outgrew home office space. Moved to office suites located in Henderson on Lake Mead Parkway early 2016.
We tutor students that have learning and attention issues. Market to 20% of students that cannot be accommodated in the classroom.
Once a student comes for a consultation, they start working with one of our tutors one on one.
A student is tutored minimum twice a week and works through various levels that can take up to 3 years depending on the severity of the student.
Marketing for new clients has been through word of mouth. Recently hired a community outreach person part time to attend children events, visiting schools, and networking.
Teachers and parents are getting more aware of the symptoms and the need for our services.
This business has been growing every year and has many more opportunities for growth.
Currently, we charge $60 per tutoring session. This could be increased to $75/hr.
Other rates may vary depending on the needs of the students.
An assistant director is being trained to take over the basics functions of running this office from the owner. She has 5 years’ experience in this industry. She is currently working part time at $15/hour. 8 Tutors are independent contractors 1099 paid between $15 to $20/hour.
Location: Henderson, NV
Inventory: Included in asking price
Real Estate: Leased
Building SF: 3,000, currently subleasing 1,000 sq ft.
Lease Expiration: N/A Month to Month.
Tutors: 8
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 3 executive office suites with room to grow. Month to month lease.
Can sign a lease on all the executive suites and then sublease or move to another suggested location across the street.
Competition: Minimum competition
Non-Compete: Three years in Henderson NV, 7-mile radius from current location.
Growth & Expansion: Offering other classes such as Dyscalculia and or Cognitive Skills. Group classes. Growing online lessons, before and after school tutoring at schools.
Financing: 10% Max for SBA Approval. Owner needs the capital for product development and expansion.
Support & Training: 1 Month face-to-face and 1-month phone support + option to become a licensee
Reason for Selling: Focus on program development and expansion.



Overview:
This business helps students with Dyslexia, Dyscalculia, Dysgraphia, ADD, and ADHD.
One in five students struggle from one of these learning disabilities.
10 years ago, Jura Kool started to notice some learning differences in some of the students in her family and at the Math Center she was managing. In doing some research, she learned about the symptoms of Dyslexia (an unexpected difficulty with reading, writing, and spelling despite have normal modalities and average to above average intelligence). She shared those symptoms with her husband Adrien Kool, and he learned that he had been struggling with Dyslexia despite building a successful career.
She decided to help more students and open her first learning center in Henderson in 2015. Business has been growing from word of mouth and in 2017 she trained her first tutor. Today, she has around 30 students coming minimum twice a week and 7 part time tutors. 80% of each session is performed face-to-face, and 20% online.
Parents understand that the resources used at the learning center are a long-term remediation process, and we do not do homework help. Parents are billed at the beginning of every month and we use a 3rd party platform for automatic invoices, scheduling, make-ups, and accounting.
Tutoring sessions are performed in some executive suites located near two major freeways and 15 minutes from Green Valley, Boulder City, and Lake Las Vegas. These executive suites are month to month. New owner could continue at this location, secure a long-term lease for all the executive suites, or move to another central location.
Growth:
On average, 33% of leads would be from word of mouth from existing clients, 33% from referral sources such as schools or specialists, and 33% from online sources such as social media, website, online directory, blogs, etc. Currently 90% of the business has been from word of mouth.
100% of the income has been from offering reading remediation. Marketing math for students with Dyscalculia would be an additional income.
This learning center has continued growing despite the owner being semi active in the business due to her pregnancy from October 2018 to May 2019.
Hours are from 1:30-7:30PM Monday to Friday, and occasionally Saturday morning.
Transfer:
The owner is selling to focus on program development and international growth. The new buyer can use their own brand and diversify the business offering other services or be part of the network as a licensee and take advantage of additional curriculum and support.

Please contact us for more details.

Property Details

Size:

1,000 Sq Ft

Years Established:

2015

Property Type:

Lease

FF&E:

$ 5,000

Inventory Value:

$ 15,000

Other Details

Business Location:

Located east of Henderson NV.

Premise Details:

Currently in some executive office suites located near major freeways. Option to grow and add offices or to move across the street outside of the industrial area and sublease space to other professionals.

Competition:

Minimum. This is different that a Kumon or Mathnasium center.

Expansion Potential:

Open other sub locations in Henderson. Option to be a licensee and take advantage of additional support, branding, and any additional products.

Operation Details

Employees:

8 Independent tutors, 1 part-time assistant director, 1 part-time community outreach person.

Trading Hours:

1:30PM to 7:30PM, Monday to Friday. Occasionally on Saturday mornings.

Support & Training:

One month face to face, one month online, option to become a licensee.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
10% for SBA purposes.

Reason For Selling:

Creating additional curriculums and franchise/license expansion

Contact this seller

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