Category:
LA10284 - Education and Day Care
Location:
Southern California - Orange County
Business Description:
This independent store of world-renown children's educational brand was opened in 2017, break-even in 2018, gross sales doubled in 2019. Highlights: - A leader of STEM education under a well-established brand which has 20 high-quality educational apps and millions of users across the U.S., Canada, and China - Award-winning programs won national and regional champions in robotics lab competitions - One-stop platform for referral students and sharing teacher resources - Strong support from the Franchisor in R&D of the new curriculum, professional teaching, and marketing. - Eligible for Federal and State R&D Tax Credit. - Hiring tech students from local Universities as part-time teachers, which allow the school running on a large stable crew at low cost. - High retention of students: many students stayed with the program for 1+ year. - Combination of distant learning and in-class study. The school has passed the start-up stage and its online programs have been developed to minimize the pandemic impact. With a stable crew of teachers and recurring students, the school is looking for a suitable buyer/investor to take it to the next level. Currently, 80% of students are from first-generation Chinese families, buyer would need to be Chinese-English Bilingual or to hire Chinese assistant. Seller is confident for the school to spread outside Chinese community with its well-designed programs.
Inventory (included):
$16,611
12 Months Ended
12/31/2019
$221,288
(Sales)
$84,426
(Adjusted Cash Flow)
12 Months Ended
12/31/2018
$138,185
(Sales)
$13,496
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 0 | 11 |
| Owners | 0 | 1 |
Hours of Operation
9am-7pm every day
Licenses Required:
Monthly Rent Including NNN:
$3,089
Expires:
5/31/2023
Option:
For 5 years
Size(sq.ft.):
1,248
Type of Organization:
S Corp
Reason for Sale:
Family reason
Training:
4 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.