Fully describe the business's activities?
Providing extra lessons to school goers in all subjects. Clients purchase lesson bundles. Tutoring is provided by sub-contracted tutors on a lesson by lesson basis.
How long has the business been established?
The Franchise started in 2005.
How long has the owner had the business?
The owner has had this franchise since 2016.
How does the business operate on a daily basis?
New clients log or call in enquiries. These are priced and followed through. When contract concluded and client has paid, then tutor is arranged. On an ongoing basis - ensure tutors provide lessons, feedback from clients, pay tutors for lessons provided.
How are the clients attracted to the business?
Referral, word of mouth, advertising and marketing.
What Advertising/Marketing is carried out?
Mainly online media marketing.
What competition exists?
There are various other tutor agencies but it a huge market.
What are the seasonal trends?
Activity mostly follows school terms, slower during holidays.
Is the business VAT Registered?
The business is not VAT registered, as it is not required to be.
What Balance Sheet and Income Statements are available?
February 2018 Financial Statements will be furnished to pre-qualified buyers.
What percentage of the business is cash/credit?
All lessons have to be paid upfront, or else lessons are not provided.
How could the profitability of the business be improved?
Marketing drives. Seasonal specials.
Is Seller finance available and for what amount?
Seller finance is not available.
What is the total staff complement?
There are no permanent employees, all tutors are subcontracted.
How involved is the Owner in running the business?
The owner is very involved and manages all aspects of the business.
Can the business be operated from home?
The business is run from home.
What are the main assets of the business?
There are no assets included in the sale. The new owner will require laptop/pc, cellphone etc.
Established brand. Efficient online system which streamlines the work for the operator.
Clients expect timeous attention - any slippages and clients may be lost.
Competition and economic factors.
What is the reason for the sale?
The owner has taken up full time employment and cannot give this business the time that it deserves.
Why is this a good business?
It is well established. Tutoring will be continually required - assisting school children. It has a very good system and can be operated from home.
What is the price plus stock and the net profit?
Selling price of R265k, with annual pretax profit of R144k.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million