Flippa
FOR SALE
Business Name

TrueTutor

Business Model
Marketplace
Industry
Education

$350,000

Asking Price
Multiple 44.9x
Private, one-on-one video conference tutoring from vetted subject matter experts https://www.youtube.com/watch?v=HqMVdMhovGA
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$12,000
Annual Expenses
$4,200
Annual Net Profit
$7,800
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Business Description

One-on-one online private tutoring from subject matter experts.

TrueTutor is a technology company that enables online tutoring via video, audio and virtual whiteboard technology. Students can login and find a tutor and be getting the help they need within minutes.

Benefits of online tutoring:
More convenient vs. signing up and commuting to a local tutoring center

Can accommodate busy student schedules (late in the evening after extra curricular activities)

No geographical limit provides access to a large tutoring pool and therefore more selection

Get the homework help you need quickly and efficiently (be online with a tutor in 20 minutes or less)

Much cheaper then brick and mortar tutoring centers
Brick & mortar tutoring starts at $40-$100 / hour depending upon company & location

TrueTutor has tutors starting at $18 / hour and you only pay for what you use

Online tutoring allows us to record sessions so students can replay to refresh what they learned

How does your business make money?

We take 25% of the hourly tutoring fee as well as charge a $2.99 platform fee for every tutoring session.

Why should someone buy this business?

The online tutoring market is poised for growth and this business is turn-key. It only needs marketing.

Online tutoring market in 2018 is $467M
Analyst predict 14% CAGR from 2018-2022 in online tutoring market
Strong growth in online tutoring expected due to:
A preference shift from brick and mortar tutoring centers to online tutoring
Total global tutoring market over $100B
Increasing internet penetration
Increase in technology adoption such as webcams & touchscreen computers to enable online tutoring
Low paid teacher workforce motivated to produce supplemental income

How can the future owner improve this business?

Spend time in marketing. My partner and I have full time jobs as well as new legal obligations that require us to not have a side business.

Business Strengths

  • High levels of Automation
  • High Profit Margins
  • Lots of Repeat Customers
  • Overall Market Size
  • Low Acquisition Cost for New Customers

Opportunities for a new owner

  • Improve Current Marketing Efforts

Key day-to-day operations

  • Adwords Maintenance

Marketing

  • Facebook Community Management
  • Google Adwords

Assets

  • All Site Content and file
  • Customer Database

Social Media

Facebook
100 followers
Twitter
0 followers
Instagram
85 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Zach Sivertson

United States

Contact