SNAPOLOGY & CLASS 101
FRANCHISE FOR SALE IN NORTH CHELMSFORD, MASSACHUSETTS
List Price: $75,000 USD
INTRODUCE ME TO THE SELLER
THANK YOU
Your information has been sent to the seller.
They should be in touch with you shortly.
INTRODUCE ME TO THE SELLER
THANK YOU
You have successfully submitted.
Email verification link sent to your email address.
INTRODUCE ME TO THE SELLER
Annual Gross Revenue:
$200,000 USD
Annual Net Profit:
$25,000 - $50,000
Value of Inventory:
$0
Value of Assets:
$25,000 - $50,000
Business Category:
Children
Business Operates From:
My Office Or Commercial Location
Year Established:
2020
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
Very flexible
PRICE/TERMS
FLEXIBILITY
Part-time
OWNER INVOLVEMENT
SUMMARY
Make a HUGE impact in kids' lives by taking ownership of Snapology and Class 101. At Snapology, we are a STEAM enrichment organization for kids ages 2-14. Hire and train staff that will help build kids' love for and confidence through engineering and robotics activities. At Class 101, help guide kids an families through the college admission process. These organizations are fun and truly rewarding. Staff is in place to continue delivering exceptional customer service! As much fun as I have, I am looking to sell my two children's enrichment franchises due to ongoing medical concerns. Here are some of the highlights: *2 franchises under 1 roof (lower rent!) *2023 revenue ~200K, about 25% EBITDA right now *Strong, well-trained staff in place *Programs in place for 2024 (scheduling done through August) *Client base of ~700 families *Rent: <$2300 (including CAM, heat/hot water) - both businesses are in the same unit I am asking 75K, but this price is negotiable with a quick sale in 2024. This price is less than the current franchise fees. Our price includes: *All inventory (approximately 15K) *Franchise transfer fees (approximately 20K) *All construction that's been done in our hub in Northern MA *Established business with large growth YOY since opening in 2021 and large growth anticipated in 2024. Only half of the territory is currently utilized, so plenty of opportunity for growth. This is not an absentee owner business (at the moment). However, there is an opportunity to promote 1-2 staff into administrative roles to handle the logistical pieces of the business. Most ownership work can be handled remotely (from my experience).
PHOTOS
FACTS
Part-Time Employees:
6-10
Full-Time Employees:
0
Total Employees:
Less Than 10
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$2,000/month
Lease Expiration:
8-2027
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Right now, owner is only able to commit 10-15 hours per week. For full growth, a 30-40 hour per week commitment is best for the business. Owner should be comfortable taking on operations and logistics, including scheduling, inventory management, business development, and customer relationships. With Class 101, it is recommended that you do sales consultations and college planning initially and then bring on a PT College Advisor while the owner takes on the Director roles and responsibilities.
FRANCHISE BRAND ACCOLADES AND AWARDS
Our Snapology franchise has the top NPS in the world. We have also been recognized for our year over year revenue growth.
ASSET DESCRIPTION
All assets will be included - approximately 25-30K *All kits for Snapology (robotics, engineering, and loose bricks kits) *30 working tablets *10 working computers *Tablet charging dock *Furniture for both classrooms (Class 101 and Snapology) *Snapology assorted equipment (i.e. Magnet wall, Building wall) *Office furniture
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
The parent base for Snapology and Class 101 is amazing. They are very supportive of us and help to grow the business in the community. Snapology and Class 101 both have a great set of owners who are truly collaborative, appreciate one another, and support each other with growth and setbacks. They are there to bounce ideas off of, share ideas, and be a great resource. HQ is undergoing changes to the technology, which will increase exposure, make registration easier, and help us spend less time on marketing and operations.
REASON FOR SELLING
Medical reasons and personal obligations require significant time taken away from the business. The business has grown too much to let it close and it is not quite at a point where it can be a passive investment.
GROWTH OPPORTUNITIES
2023 has seen significant growth. Following the same trajectory and maximizing marketing opportunities (which current owner did not do) will see huge growth in 2024, with revenue anticipated in the 250-300K range, and even higher with a full-time commitment.
Significant
SELLER FINANCING AVAILABLE
To view this complete listing, including why this franchise is for sale and if seller financing is available, either login or create a free account now. You’ll also be able to mark which listings are your favorites.
TO SEE WHY THIS FRANCHISE IS FOR SALE, IF SELLER FINANCING IS AVAILABLE, AND TO SAVE YOUR FAVORITE LISTINGS, PLEASE LOGIN OR CREATE A FREE ACCOUNT.
Share this listing on Social Media.
Need help creating your listing? Let our experts do it for you for just $49 more.
Complete the information below and an expert will contact you to get started: