Tutoring business for sale in Grosse Pointe, Michigan
Michigan Tutoring LLC (DBA Tutor Doctor of Metro Detroit) is part of a franchise system in business for seven years, The company offers one on one in-home tutoring for all ages and all subjects, online tutoring and ACT and SAT Prep help. The company focuses on families throughout the Grosse Pointes and the surrounding communities and also has families throughout Metro Detroit providing assistance for students at all levels of learning, honors and AP and college, learning challenges, executive skills, and confidence issues. The franchise license protects the buyer from competition in the Grosse Pointes, St. Clair Shores and Harper Woods and allows for marketing in most areas of Metro Detroit and throughout the state.
Type of business: tutoring, in-home tutoring, tutoring services, educational services
Tutor Doctor is a very strong franchisor, in business and successful for many years. They are very supportive and very focused on franchisee success. My franchise license includes excellent demographics and the company has strong growth potential for someone interested in taking the marketing to the next level. The area is also unique with many tutors living in the area and also relatively close proximity to Wayne State for potential tutors and students. New regional franchises are selling for over $50k so for anyone interested in Tutor Doctor and wanting VERY strong demographics, this offer is a steal in my opinion. This is a great opportunity for an individual owner and also well suited for a couple or partnership.
The selling price has been reduced due to owner pending retirement and includes a list of tutors (current and past) and customers (both current/ongoing and past customers). The selling price will also be adjusted for any prepaid tutoring hours at the time of company transfer. Buyer will receive local training from the owner as well as formal training by the franchisor. Buyer will be responsible for the franchisor's license transfer fee.
Owner financing is available.
I am open to discussing financing options for a very strong candidate and willing to break up the selling price into three consecutive monthly payments.
Key financial facts and forecast
The company met its financial goals in the first two years of business when I was operating it full time. It has been profitable every year and there is unlimited growth potential for someone committed to marketing it full time and being active in school and community events and programs.
Reason for selling
After many years in this business and over 30 years of working, I would like to retire and focus on family and the next stage of life.
Required buyer qualifications
Prospective buyers need to have a desire to work with families and be active and visible in the community. Ideally, a business background will be helpful but training will be provided locally and formally by the franchisor. Buyer must have sufficient resources for marketing and operating expenses.
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Grosse Pointe, Michigan, US