The target is a boutique college test preparation and counseling service that caters to the educational needs of college-bound high school students with a focus on a prestigious metro area and surrounding suburban regions generating consistently healthy student traffic year after year. Charging hourly rates of up to $200, the company generates monthly tutoring invoices of up to $10,000 per student.
The Company does little to no advertising to date, with most business coming from word of mouth referrals. Founded in March of 2017, the company has grown significantly in just a few years with TTM earnings through October, 2019 of $196,000 on Sales of just $314,000. In addition to offering test prep and college counseling services, the Company also offers specialty programs such as animation, 3D modeling, game design, and ESL programs.
There is no specific information provided about supply and logistics for this business.
MARKETING AND KEY METRICS
The company currently relies on word of mouth referrals and does not engage in significant marketing efforts. There is a tremendous opportunity to implement a targeted marketing campaign to attract more clients and grow the business.
There is no specific information provided about the sales channel and growth opportunities for this business.
The key metrics for this business include student traffic, monthly tutoring invoices, and revenue generated per student.
The customer base of this business consists of college-bound high school students and their parents from a prestigious metro area and surrounding suburban regions with household incomes over $250k.
BUSINESS MODEL & RESOURCES NEEDED
The current owner primarily works in a management capacity, coordinating between students, parents, and tutors. There are four employees in total.
This business operates in the education industry, specifically in the college test preparation and counseling sector. It caters to high school students who are preparing for college and offers services such as test prep, college counseling, and specialty programs like animation and game design. Examples of similar businesses in the industry include large test prep companies like Kaplan and The Princeton Review.
OPPORTUNITIES TO SCALE
There are opportunities to scale this business by expanding the range of services offered, hiring more specialized tutors, implementing a targeted marketing campaign, and attracting more clients. For example, the business could offer tutoring in additional subject areas and target new geographical areas.
Asking Price: $650,000
Gross Income: $314,163
Cash Flow: $196,148
Year Established: 2017