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Annual turnover

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  • Mandate: 32129
  • Added: 21 May 2018
  • AFS
  • 452

Educational Improvement business

Gauteng, Pretoria
452
Mandate 32129
Added 21 May 2018
R 1,250,000* ZAR
Stock: R 0
Assets: R 100,000
R 48,402 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

International Educational franchise that is well established for sale. Part of worldwide franchise group. Individually designed programmes that result in major improvements in marks through study skills improvements. Growth opportunity still exists. Great working hours

Educational Improvement business
SELLING PRICE AFS
R 1,250,000* ZAR
Stock: R0
Assets: R100,000
R 48,402 ZAR
Summary

International Educational franchise that is well established for sale. Part of worldwide franchise group. Individually designed programmes that result in major improvements in marks through study skills improvements. Growth opportunity still exists. Great working hours

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Fully describe the business's activities?
This international franchised tutoring centre offers maths, English & Afrikaans tutoring to grade 0-12 children. Centre trades Tuesday to Sat and with around 130 student lessons. Study skills classes are also offered. Business has been operational for 10 years with franchise being around since 1974. Children are assessed then a specifical plan is developed for each child which results in significant improvements in marks. Tutors do the oversite of tutition as activities are pc driven.

How long has the business been established?
10 years

How long has the owner had the business?
2 years

How does the business operate on a daily basis?
Classes are run from 2-6.30 week days and from 8-1 Saturdays. Closed over December holidays.

How are the clients attracted to the business?
Marketing is done through website, facebook & Google ads. there is occassional franchisor advertising. Close relationships exist with schools in the area who refer children needing help. Phamplet drops are also used.

Does the business have any contract work?
Each child is secured via an agreement. payments made monthly in advance with a months notice.

What competition exists?
There are a few private tutoring centres in the broader area.

What are the seasonal trends?
At the start of the year is when students typically start. The last part of the year prior to exams sees an increase.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Yes

How could the profitability of the business be improved?
More direct marketing to schools in the area. Online tutoring could also be an option.

What is the payback period?
30 months

What is the total staff complement?
9 with 7 tutors, receptionist and owner

How involved is the Owner in running the business?
Owner is invloved daily. It is key that the owner is involved.

When does the current lease end?
Business operates from a portion of a house. Premises belong to the previous franchisee.

Is there an option of renewal & what period?
Yes, open for nehotiation

What is the annual escalation %?
TBC

What are the trading hours?
M-F 2-6.30 Sat 8-1

What are the main assets of the business?
Pc work stations, computers, desks, chairs office equipment, filling cabnets etc.

What is their overall condition?
Good

Are they presently insured?
Yes

Strengths?
Position- located opposite a school which makes for easy access. there are other schools close by, global franchise, well established.

Weaknesses?
Owners have other focuses

Opportunities?
Online teaching, direct approach to more schools and build these relationships, there is spare capacity

Threats?
Geberal economy.

What is the reason for the sale?
Owners want to focus on other business interests

Why is this a good business?
Great business in sector that is always in demand.

What is the price plus stock and the net profit?
R1,450,000 all in

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FRANCHISE DETAILS

Aldes Active

1 members
10 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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