LITTLETON, Colo. (CBS4) – Parents have paid a lot of money to tutor their children, but now the Sylvan Learning Center has suddenly shut its doors.
Parents found a bankruptcy notice on the door of the Sylvan Learning Center on South Kipling Parkway in Littleton. It’s still unclear why the business shut down without any warning, but CBS4 spoke with corporate officials who said the Littleton franchise was having trouble meeting its financial obligations to Sylvan.
Corporate officials said they believe the franchise owners may have been “operating in a way that perhaps was not profitable for them.”
The company declined to give further details.
The owner of a franchise at a different location said the economy has taken its toll, forcing franchise owners to find different ways to adapt, or go out of business.
“We’ve got to be very, very smart about how we spend our money, and we have to watch our labor,” Sylvan franchise owner Marilyn Holm said. “We’ve had to cut back on a number of employees that we have and we’ve done everything necessary, proactively.”
One family that had a student at the Littleton location said they paid more than $2,000 for tutoring. They said they were shocked to find the doors closed.