Thoughts on starting an ACT (and/or SAT) tutoring business?

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My county(not countRy) has an average ACT score of a 21.1 (not sure about SAT), and this June I plan on scoring a 35 or a 36 on the ACT. As I was thinking of the implications of actually achieving this, a light-bulb above my head sparked on. Why not start a tutoring business if this actually works out?

So I was wondering if anybody on r/entrepreneur could help me see the pros and cons of this type of organization.

So far I have a rough idea of this:

1. This will most likely be a class-type group where I am like a teacher and I teach the amount of students who join as if it were a school-class. If anything I will hire others who have also worked to get a near-perfect ACT score and the type of tutoring would be a little different.

2. This will be focused on the local area, and the financial cost factors of this would only be ensuring a weekly (or daily) rental of a room for the tutoring or something along those lines; the other cost would be hiring others if I have to do so.

3. I do not see this business going truly that badly, for there are a lot of "dumb" kids in my area, so to say, and majority of kids in my school see me as the "smartest". I feel like, with the correct marketing, this could go perfectly as planned.

I am not sure what I would charge for the tutoring, nor how the payments would work overall. I wanted to know if there is anything else I should consider, and if seeing this as a business-venture would be the correct perspective since many (at least say) see this as something for the community/a public service. There are many non-profit local tutoring companies which depend on simple donations, however I do not know if I would want to risk something like that especially with a constant cost (for things like the room rental, etc).

TL;DR : What are your thoughts on the industry of tutoring today? Would I be capable of successfully starting my own local ACT-prep business, in your opinion?

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