Well-Established Tuition Services

Reading
REF: INT1989

Asking Price:
£22,000
Annual Turnover:
£61,132
Annual Net Profit:
£9,467
REF: INT1989
Photo of Well-Established Tuition Services
Photo of Well-Established Tuition Services
Photo of Well-Established Tuition Services
Photo of Well-Established Tuition Services

Overview

Tenure:
Relocatable
Established:
2020
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads

This is an excellent opportunity to acquire a popular franchise branch, which offers a wide range of tuition services and covers the Reading area, as well as parts of Oxfordshire.

This franchise branch was first established in 2020 and has quickly found success in the area, attracting a loyal customer base of over 40 active students.

The branch offers tuition for a wide range of subjects and ages, providing primary, secondary, A level, and degree level tuition.

The company has a panel of over 80 freelance tutors, who provide the tuition, with the majority of sessions completed online, on either a one-to-one or group basis.

Presently, the clientele mainly comprises students in years 5 and 6, who are studying for their 11+, with the remainder of their pupils studying towards GCSEs and A levels.

The franchisor will provide support, training, advertising, materials, and a GDPR policy.

The business is presently operated from home and is offered on a relocatable basis within the current area of operation. The franchise branch covers the Reading area and also has permission to work with students in parts of Oxfordshire.

The franchisor was originally set up in 2012 in Nottingham and has now grown to over 10 branches across the UK.

The branch pays £60 + VAT to the franchisor each month for access to their technology and website. They also pay a monthly management fee, which comprises 10% of the revenue. The contract with the franchisor will be renewed in 2025, at this point, there will also be a renewal charge to pay.

The company benefits from low overhead costs, which should ensure consistently high-profit margins.

The franchisor is supportive of the sale and the current owner is happy to provide an initial transitional period. Therefore, there should be an easy transition for the new owner.

This business would be perfect for an individual or duo, with a background in tutoring and education. Although previous tutoring experience may be beneficial, the actual tuition is provided by freelancers.

The franchisor has recently become part of the National Tutoring Programme (NTP), which presents huge potential for future development.

Furthermore, there is excellent scope to develop the franchise branch further, as it has only been operating for a short period of time and has already amassed a large client base.

The new owner could look into forging links with schools and after-school clubs, as this would be a great way to attract further trade.

Features

Key Information

  • Online: Yes

Reputation

  • Google: 5

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.tutortoo-reading.co.uk

Location

Loading...
  • Home Based
  • Limited Competition

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup