Learning Center/ Exam Prep tutoring provider in Ledgewood, NJ
Business Description
Highly respected and leading provider of tutoring and test prep programs in Morris County, NJ. The center has operated since 2001 as a franchise location of Huntington Learning Center, a trusted and well-known tutoring provider for nearly five decades. Great opportunity for a new owner who can market the brand in the community and establish relationships with nearby schools. This is a turnkey business that has an excellent location, exceptional up-fit, with an outstanding reputation and customer base for less than the cost of buying an undeveloped territory. The center's reputation for excellence in tutoring and test prep, combined with its strong curriculum, innovative technology, and experienced staff, ensures sustained business growth for the right person. Franchisor requires that new owners work in the business for 40 hours/week during the first 2 years in the system.
Why Huntington is the Right Business Opportunity for You?
• Simple business model — Low operating costs and multiple revenue streams
• Huge potential — Over 45% higher 2023 average revenue than our closest competitor
• Rapidly growing market — $5 billion industry and projected to grow to $18 billion by 2028 (source: Grand View Research)
• Ongoing support — Turnkey systems and dedicated support teams to ensure a smooth transition
• Recession-proof concept — Named to Franchise Business Review’s (FBR’s) list of Top 100 Recession-Proof Franchises for 2023
• Low cost per center — Small retail premises with minimal build-out
• Parents love Huntington — Great results, tremendous value, and flexible scheduling
• Strong consumer brand — Trusted name in the industry for close to 5 decades
• Great franchise reputation — Top rankings and ratings in Entrepreneur, Franchise Business Review, and more
• A strong franchise family — Join a network of franchise owners who support and collaborate with each other
• Proven track record of success — Locations nationwide, with more opening regularly
• Hugely rewarding — Our business changes children’s lives
Why Huntington is the Right Business Opportunity for You?
• Simple business model — Low operating costs and multiple revenue streams
• Huge potential — Over 45% higher 2023 average revenue than our closest competitor
• Rapidly growing market — $5 billion industry and projected to grow to $18 billion by 2028 (source: Grand View Research)
• Ongoing support — Turnkey systems and dedicated support teams to ensure a smooth transition
• Recession-proof concept — Named to Franchise Business Review’s (FBR’s) list of Top 100 Recession-Proof Franchises for 2023
• Low cost per center — Small retail premises with minimal build-out
• Parents love Huntington — Great results, tremendous value, and flexible scheduling
• Strong consumer brand — Trusted name in the industry for close to 5 decades
• Great franchise reputation — Top rankings and ratings in Entrepreneur, Franchise Business Review, and more
• A strong franchise family — Join a network of franchise owners who support and collaborate with each other
• Proven track record of success — Locations nationwide, with more opening regularly
• Hugely rewarding — Our business changes children’s lives
About the Business
- Years in Operation
- 24
- Franchise
- This business is an established franchise
- Facilities & Assets
- This location has a valid lease through October 2031. There is 1 FT employee, and the rest are part-time tutors. The center includes all the Huntington curriculum and furniture required to operate the tutoring center (build out + furniture + curriculum costs for a new center of this size is around $150,000)
- Website
- https://huntingtonhelps.com/locations/ledgewood-nj/
- Market Outlook / Competition
- Demand for supplemental education is increasing due to overcrowded classrooms and learning gaps. A large number of colleges are bringing back ACT/SAT requirements, creating an increase in demand for exam prep services as well. This along with top-tier operational training and marketing support by the franchisor positions the buyer for long-term success.
- Opportunities for Growth
- The tutoring industry is a rapidly growing market. It is estimated to be a $5 billion industry and is projected to grow to $18 billion by 2028 (source: Grand View Research).
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,244
- Rent
- $4,840.00 per month
- Lease Expiration
- 7/1/2031
About the Sale
- Seller Motivation
- Multi-unit operator looking to focus on locations closer to home
- Transition Support
- The current owner will provide assistance in transitioning the center. Huntington’s exceptional team will provide training: in-depth online & in-person, and on-going support from your assigned Franchise Business Consultant. Huntington constantly invests in improvements in technology, operations, curriculum, & overall support to support franchisees' profitability.
Listing Info
- ID
- 2314829
- Listing Views
- 1496
Listing ID: 2314829 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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