Donn Raabe, Broker at Chicagoland Sunbelt, Sells Tutoring Franchise
Raabe successfully negotiated a business sale in the $10 billion dollar supplemental education industry. This is a franchise re-sale. Upon closing this deal, Raabe lists another tutoring franchise.
Chicago, IL, May 13, 2011 --(PR.com)-- Chicagoland Sunbelt announces today that Donn Raabe completed the sale of a franchise tutoring business in the northwestern suburbs of Chicago. (www.chicagolandsunbelt.com) The business was a turn-key operation, complete with everything a buyer needed to ‘hit the ground running’. Thirty-nine people inquired and 11 prospective buyers were shown the business. Two offers were made and the winning offer closed on the sale of the business in less than a month. As a result of this success, another franchise selected Raabe to represent them in the sale of their successful franchise.
The business has great recognition amongst the consuming public. Catering to students from kindergarten to seniors in high school, the business offers tutoring programs in several subjects including: reading, math, writing, study skills, phonics, vocabulary, SAT & ACT exam preparation, high school entrance exam preparation. The franchisor supports franchisees via manuals, business templates, and software to run the business, curriculum, and marketing materials. The buyer will be in business for themselves, but not by themselves, and will be affiliated with one of the most successful franchise concepts in the past 25 years. This particular location has a nearly 20 year history of success that attracted the seller to the business.
Educational spending has been on a record growth curve for nearly the past two decades. Today, the supplemental educational market is approaching $10 billion dollars annually just by itself, and continues to see double-digit growth nearly every year.
“People looking to buy a business are very interested in tutoring,” stated Raabe, “They see it as a very steady, secure business to buy and are attracted to a business that they feel really helps children and helps the community as a whole. The challenges in this deal – and believe me there were challenges – seemed to recede when we re-focused on what value the business has for the community.”
“We see every day, buyers who are tired of a paycheck looking to buy a business in order to make a difference,” said Domenic Rinaldi, Managing Director of Chicagoland Sunbelt. “We get over 200 inquiries from buyers every month looking to buy a business. If you have a business to sell, now is a great time to be on the market. We are seeing sellers getting great deals now.”
The buyer had a background in education and was excited to own his own business.
Raabe’s new listing is of one of the Chicagoland area’s most successful franchises. It is consistently rated in the top third in sales in the Chicagoland area. “Given the strong interest in the last transaction,” commented Raabe, “I expect that we will see a very good group of qualified buyers competing for this business."
More about Donn Raabe:
http://www.chicagolandsunbelt.com/team-Raabe.htm
See Domenic Rinaldi's recent interview with Crain's Chicago Business:
http://www.chicagolandsunbelt.com/Chicago-Mergers-and-Acquisitions-Market-Crains-Video.htm
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
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The business has great recognition amongst the consuming public. Catering to students from kindergarten to seniors in high school, the business offers tutoring programs in several subjects including: reading, math, writing, study skills, phonics, vocabulary, SAT & ACT exam preparation, high school entrance exam preparation. The franchisor supports franchisees via manuals, business templates, and software to run the business, curriculum, and marketing materials. The buyer will be in business for themselves, but not by themselves, and will be affiliated with one of the most successful franchise concepts in the past 25 years. This particular location has a nearly 20 year history of success that attracted the seller to the business.
Educational spending has been on a record growth curve for nearly the past two decades. Today, the supplemental educational market is approaching $10 billion dollars annually just by itself, and continues to see double-digit growth nearly every year.
“People looking to buy a business are very interested in tutoring,” stated Raabe, “They see it as a very steady, secure business to buy and are attracted to a business that they feel really helps children and helps the community as a whole. The challenges in this deal – and believe me there were challenges – seemed to recede when we re-focused on what value the business has for the community.”
“We see every day, buyers who are tired of a paycheck looking to buy a business in order to make a difference,” said Domenic Rinaldi, Managing Director of Chicagoland Sunbelt. “We get over 200 inquiries from buyers every month looking to buy a business. If you have a business to sell, now is a great time to be on the market. We are seeing sellers getting great deals now.”
The buyer had a background in education and was excited to own his own business.
Raabe’s new listing is of one of the Chicagoland area’s most successful franchises. It is consistently rated in the top third in sales in the Chicagoland area. “Given the strong interest in the last transaction,” commented Raabe, “I expect that we will see a very good group of qualified buyers competing for this business."
More about Donn Raabe:
http://www.chicagolandsunbelt.com/team-Raabe.htm
See Domenic Rinaldi's recent interview with Crain's Chicago Business:
http://www.chicagolandsunbelt.com/Chicago-Mergers-and-Acquisitions-Market-Crains-Video.htm
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
###
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Chicagoland Sunbelt Business Brokers
Lauren Eichmann
312.265.3089
www.chicagolandsunbelt.com
Lauren Eichmann
312.265.3089
www.chicagolandsunbelt.com
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