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Established, Multi Award Winning Home Based Tutoring Franchise For Sale

Surrey
Asking Price:
£212,226
Sales Revenue:
£503,311
Cash Flow:
£136,831

Leading tuition franchise business specialising in the provision of one-to-one in-home tuition.

Great opportunity for someone looking to take over and grow an established business with an exceptional reputation* that makes a positive difference to the lives of the children and families it serves. Background in education not required, with the business operations encompassing an exciting variety of roles typical for an entrepreneur, whilst being supported by the franchisor and their established systems and processes.

This business comprises four franchised territories for the world's #1 in-home tutoring company with over 590 locations around the world. The home office offers typical franchisee support including comprehensive training, an operations manual and business and financial systems to support local franchise owners’ success.

The business was established in February 2009 as the first of the franchises in the United Kingdom. An initial single territory with a regional licence was bought, followed by three further regional licenses in 2012. The regional licenses cover trading in Surrey, Sussex, Hampshire, London, Berkshire, Buckinghamshire, Middlesex and Kent.

The business currently runs as an “executive/CEO” model and could become an “owner/operator” model, depending on the buyer’s interests. It is presently overseen part-time by the owner with a full-time employed Office Manager, and five self-employed contractors to fulfil all daily operations. The Office Manager works Mon – Fri 10am – 6pm; the self-employed staff work flexible hours according to seasonal demand.

This company has a very strong track record of growth and repeat/referred business and has consistently been a top performing franchise in the franchisor’s network – until last year it was #2 worldwide. Revenue growth was exceptional from Feb 2009 to March 2016, totalling 495%.

In December 2016 the owner fell ill and has since been diagnosed with a chronic, untreatable condition whereby she is no longer able to sustain the growth her business deserves. She has trimmed the customer base to a more manageable size whilst raising prices and reducing expenses to improve profit margin. She has also increased the number of schools and Council referrals to streamline the cost of the sales process. This means the business is perfectly placed for an energetic leader to continue with the strong growth this business has consistently demonstrated, but from a stronger profit base.

The business owns four franchised territories: Guildford, Woking, Camberley and Farnham. The demographics and tutoring landscape are strong as the owner was fortunate to be able to pick her postcodes. There are opportunities to support students’ aspirations across all spectra from confidence building, specialist support (eg Dyslexia), Primary, entrance exams and 11+, GCSE and A level tutoring across both private and state schools. Parents look at tutoring as positive and needed. They have the income to support their children’s learning and development.

Further, we provide Pupil Premium tutoring (government funded) for two Primary Schools, two secondary schools and Surrey’s Virtual School. There is considerable growth to be had from this sector.

*NPS score confirms 97% of our customers would recommend us to family and friends.

Property information

Location:

Administration offices can be run from owner's home. Service area covers M3/A3 corridor from M25 to Haslemere, focusing around Woking, Camberley, Guildford & Farnham.

Premises Details:

n/a

Business Operation

Expansion Potential:

The business's track record shows that it was still in a state of growth until the owner fell ill. There is considerable growth to be had, especially through working more closely with schools and local authorities.

Competition / Market:

Although tutoring is extremely popular in Surrey, ours is a premium tutoring service with a unique business model.

Reasons for selling:

Ill health

Trading hours:

9am to 8pm Mon - Sun

Employees:
1
Years established:
10

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

8% of turnover paid monthly as Royalty + 2% of turnover paid monthly as National Branding Fund

Other Information

Support & training:

The franchisor provides very comprehensive training initially, covering the key pillars of successful business operations. There is excellent ongoing support and training including weekly updates, online education, annual regional and worldwide conferences and 1:1 support. In addition, the selling owner is willing to help with the buyer’s transition in whatever way suits them.

Financing available:

This franchise has several banks who will lend to buyers

Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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