Listing Id: 13518
Total Views: 15585
(Sold) Tuition Centre Business For Sale
Central Area
Date Closed: 01/10/2018
Asking Price: S$150,000
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
Reason For Sale
Partners Have Diffrent Business Directions
Description
๐ฝ Established in 2011
๐ฝ Business operation @
Farrer Park area
๐ฝ Shop/biz operation :
๐๐ผ monthly rental $6000
๐๐ผ about 850 sq.ft.
๐๐ผ balance lease about 14 months
๐๐ผ cost of renovation about $25K
๐๐ผ renovated in 2016
๐ฝ Estimated monthly gross revenue about $15,750
๐ฝ Monthly Expenses:
๐๐ผ ownerโs salary (Ops) $1,000
๐๐ผ ownerโs salary (Teacher) $3,500
๐๐ผ Other teachersโ salary $5,000
๐๐ผ admin staff $2,500
๐๐ผ misc $800
๐ฝ If buyer can teach and run ops, buyer makes $4500 per month
๐ฝ If buyer also runs the admin function, buyer makes $7000 per month
๐ฝ 105 students
๐ฝ No director fee
๐ฝ 4 directors in the company
๐ฝ Directorโs involvement in the biz
๐๐ผ Teaching and ops/marketing
๐ฝ Business name /website / Facebook
- To be disclosed during meeting with buyer
๐ฝ Staff :
๐๐ผ owner/teacher full-time, the rest are all hourly rate teaching staff
๐ฝ Operating hour :
๐๐ผ Mon to Fri 1pm to 8pm
๐๐ผ Tues closed
๐๐ผ Sat to Sun 9am to 5pm
๐ฝ Current setup is 4 partners/directors.
Easier for single owner/teacher to extract value ie. $4,500 to $7,000 depending on how owner organizes the Admin function
๐ฝ Open for joint venture with new investor ?
- Please propose
๐ฝ Selling price $150K negotiable
Thank you & blessings
Bulgaria