Profitable and Growing Kingwood Area Kumon Enrichment Center

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF. #76931-419396 In business nationally for over 60 years, this franchise is consistently ranked #1 in the education category by Entrepreneur magazine and this year was ranked #6 in the Top Ten of the entire Franchise 500® list. This business is ideal for individuals with a passion for education and for helping kids. For kids from pre-K to high school, this business is a math and reading academic enrichment program that goes well beyond traditional tutoring, unlocking the potential of children to achieve more. To open up a new franchise location would costs upward of $65,000, and that doesn’t include a client base or cash flow on day one of ownership. This franchise location is already profitable to the tune of $57,000+ a year with sales upwards of $228,000 a year. This location currently has 100+ students and 150-160 subjects (meaning of those 100 students, 50-60 are taking two subjects). The center has the capacity for at least 100 more students and 100 more subjects. The seller has owned and operated business for almost three years, but this location in the Kingwood area has been open for over 17 years. Currently operational with 9 total employees. Current owners are operating semi-absentee leaving a substantial opportunity for an owner-operator to take this business to the next level. Location: Harris County, Texas Year Established: 2004 Number of Employees: 9 Real Estate: Leased Building Sq. Ft.: 1,600 Rent: $4,100.00 Per Month Lease Expiration: 4/30/2023 Facilities: This location of the franchise has been open for 17 years in the Kingwood area, so it’s clearly a proven and resilient business. There will always be students who need assistance with their academics and this franchise is consistently updating their materials and techniques to assure sure their clients’ academic success. This particular location is the only one in the area so there is historically little to no direct competition. Growth & Expansion: The center has the potential to double its current revenue by adding more students each month and by having current students sign up for more than one subject. Since the current revenue level more than covers expenses, there is not much overhead when adding new students. So, for example, growing by 100 students (taking one subject each) will generate as much as $18,000 in revenue per month. That’s $216,000 annually, and with most expenses already being covered (after payroll), that could easily be over $150,000 to the bottom line each year. From 2018 to 2019, the current owner grew the annual revenue by an impressive 23%! It’s exciting to think about the possibility for growth this year and beyond. Any buyer could utilize social media advertising, Facebook, Instagram, etc. and also run local GoogleAds to drive new business. The new owner could coordinate with local schools and offer promotions or other perks.