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Well Established Tutoring Business Based In York For Sale

York, North Yorkshire, UK
Asking Price:
£79,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£110,000
Net Profit:
£44,000

This is an opportunity to own a rapidly growing and highly profitable education business that can be run part-time from your home. The business has grown 67% in the last year alone with significant repeat business from schools, companies, councils, and private clients.

The market for tutoring in the UK was forecast to grow rapidly at 11% p.a. Following the Covid pandemic, this growth is now accelerating even faster as families, schools and the government are supporting students in their effort to catch up on missed learning. The government's National Tutoring Programme (NTP) signalled that tutoring in schools is now government policy, a move underpinned by evidence-based research.

Over the past five years the current owners have built up a large team of tutors and a strong reputation for quality and service, the business has an average Google review rating of 5 stars.

The business is part of an award-winning global education franchise that offers excellent ongoing training and support to franchise owners, their staff and tutors. The business is based in York and it’s license covers a wide territory, including North, East, West and South Yorkshire providing significant scope for further growth.

The current owners had successful careers in senior corporate roles before deciding that they wanted to travel less, work more flexible hours and have a better work-life balance. This, coupled with their passion for education and a desire to make a difference led them to buy this education franchise in 2017. Since then, they have built a significantly profitable business while making a difference to the lives of hundreds of young people in Yorkshire. They are now retiring and wish to sell the business to a new owner who will be able to continue its growth journey.

For more information, please contact us by using the form below.

Property Information

Location:

Home-based

Premises Details:

Home-based

Business Operation

Expansion Potential:

The tutoring market in North Yorkshire is estimated to be worth £8m, the business currently turns over £100k so there is considerable scope for further growth.

Competition / Market:

Some competition from a business offering small group tutoring at a tuition centre (different business model) and a couple of national providers that only offer online tutoring.

Reasons for selling:

The owners are retiring

Trading hours:

Mom - Fri 9am - 5pm

Employees:
2
Years established:
5

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

The buyer needs to be approved by the Franchisor and they will need to sign a new Franchise Agreement. If the asking price is accepted by the buyer, the costs associated with re-assigning the Franchise Agreement to the buyer will be paid by the seller.

Other Information

Support & training:

The current owners will provide two weeks of training/support during the handover, they plan to remain in the York area and will be available to answer questions for a period thereafter. Ongoing training, development and support will be provided by the Franchisor who has a dedicated training department, business coaches and an IT support desk.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Providing the asking price is accepted and is guaranteed by the purchaser, the consideration can be paid in two equal instalments over two years.

Furniture / Fixtures value:
£800 - included in the asking price
Inventory / Stock value:
£200 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Seller

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