Supplemental Education Services

ASKING PRICE:  $290,000
LOCATION:  New Brunswick

Supplemental Education Services 

This profitable business is a franchise location and operates in an exclusive territory consisting of one of New Brunswick's largest cities and its surrounding area. It will appeal to individuals who have strong general management and marketing skills and who wish to acquire a business that will provide a superior level of income as well as the personal satisfaction derived from having a positive impact on children's lives. A background in education is not required. A fully trained and certified staff of 20 will remain after the sale and training by the franchisor will be provided. 

The franchisor is an acknowledged leader in the field of supplemental education and has over 90 franchise locations in Canada. In 2009 this location ranked number 6 in terms of gross revenue making it the most successful location in Eastern Canada. 

Established approximately ten years ago, the business generates sales in excess of $600,000 and produces discretionary income of approximately $170,000. The company's operating assets, including goodwill, are valued at $290,000. The transaction will be structured as a sale of shares with the price adjusted to reflect the balance sheet at the time of closing. An equity investment of approximately $100,000 is anticipated.