Expert College Test Prep Counseling Company for Sale
The company provides college test preparation and counseling services to college-bound high school students. They offer specialty programs like animation, 3D modeling, game design, and ESL programs. The company primarily gets business through word of mouth referrals, and almost does no advertising. The target audience for the company’s services is from high-income households, with most students staying on for more than one year. With just over $347,000 in sales, the company generated a TTM earnings through November 2019 of $219,000.
OPERATIONS
The company offers college test preparation and counseling services. It has specific tutors trained in various services, and the owner primarily works in a management and marketing capacity. The company has about 15 stable clients, out of which 10 have been with them for two years. New clients are continually being cycled in through a referral system, the Company has with a local high-end academy that charges a $55,000 annual tuition.
The company could easily offer expanded services simply by hiring more tutors specializing in additional subject matter. The tutor earns $30-$60 per hour, while the family is billed $100-$200 per hour.
MARKETING AND KEY METRICS
The company does little to no advertising, with nearly all business coming from word of mouth referrals. There is a tremendous opportunity to implement a targeted marketing campaign and grow the company many times over.
The company’s primary sales channel is through word of mouth referrals.
The company charges hourly rates of up to $200 and generates monthly tutoring invoices of up to $10,000 per student.
The company targets college-bound high school students from high-income households, with most students staying on for greater than one year. The demographic of area students is generally from households with incomes over $250k.
BUSINESS MODEL & RESOURCES NEEDED
The company has four employees, including the owner who only works 10 hours per week.
THE INDUSTRY
The company operates in the educational industry, offering test preparation and college counseling services to college-bound high school students. The company’s specific offering is considered EdTech, with a focus on offering online services for standardized testing, online courses, and personalized learning. However, the company also targets a highly specific customer base consisting of high-income households in a particular demographic.
OPPORTUNITIES TO SCALE
The company can easily offer expanded services simply by hiring more tutors specializing in additional subject matter, offering online courses on EdTech platforms, and leveraging social media platforms to reach a broader audience.
Asking Price: $650,000
Gross Income: $347,136
Cash Flow: $219,404
Year Established: 2017
Employees: 4
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