Description

Bellevue Learning Center - Illness Forces Immediate Sale

This is a family owned learning center for kids K - 12. It has been established since 2007 and it takes pride in its family oriented approach to education, its individualized and personal class sizes, and the fact that all instructors have BA degrees. This is not a "Big Box" or franchise type of school - it is designed for the parents who want to give their children a unique and personalized way of learning that will propel them ahead in their schooling. The classes are by appointment only (they are open 5 days a week - Tues-Sat), there are currently about 36 students and 25 classes (both individual and group classes). The average class is between 2 to 4 students in size. There are 2 part-time tutors who teach reading and writing and the owner teaches math. The business offers Book Clubs (K-8), Singapore Math (K-6), Math (all ages), High School English and writing, and SAT/Act prep courses. The group classes cost $25 and the individualized training costs $50 an hour. The new owner could easily add more teachers and offer additional courses such as foreign languages, ethnic studies, social skills, entrepreneurial skills. The current owner has only owned this business for less than a year and due to a serious illness must sell it. There has been virtually no marketing or promotion and no real social media (the website and Facebook need to be updated and used). This is a totally turn key business - ready for the next owner to take it to the next level. There are many grade schools, Jr. High's, and High schools in the area with students that need help. There are also PTA groups that would welcome the chance to promote a business like this. There is a huge upside to this business and the demographics lend themselves in this area to the success of this business.
The business occupies about 670 square feet. There are 3 classrooms. The base monthly rent is $1,366 plus NNN charges of $510 per month. The lease expires 12/31/2018 and the Landlord will gladly extend the term to a qualified buyer.
There are other "Big Box" learning centers around this one. The advantage this one has is that it is personalized, it is family owned, and it has been providing learning services for families in this area since 2007. This business also offers a wide variety of learning situations in one location - reading, writing, math, and test preparation - it is a one stop leaning center.
The new owner could easily add more teachers and offer additional courses such as foreign languages, ethnic studies, social skills, entrepreneurial skills. The center could also add classes in different foreign languages - this would make it unique in the area. The new owner could add a whole separate division that could teach life and vocational skills for kids and adults. Internet and computer classes could be added to the curriculum. There are many grade schools, Jr. High's, and High schools in the area with students that need help. There are also PTA groups that would welcome the chance to promote a business like this. There is a huge upside to this business and the demographics lend themselves in this area to the success of this business.
Due to serious illness this must sell ASAP.
The seller will provide two weeks of onsite training on the day to day operation of the business, training on the teaching style used in this school, and useful suggestions on expanding the business.

Posted Jun 3, 2016

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