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Annual turnover

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  • Mandate: 33510
  • Added: 12 Sep 2019
  • AFS
  • 336

Franchise Kip McGrath

Gauteng, Johannesburg
336
Mandate 33510
Added 12 Sep 2019
R 385,000* ZAR
Stock: R 0
Assets: R 0
R 22,402 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

9 year old centre for sale. International education franchise. Opportunity to grow.

Franchise Kip McGrath
SELLING PRICE AFS
R 385,000* ZAR
Stock: R0
Assets: R0
R 22,402 ZAR
Summary

9 year old centre for sale. International education franchise. Opportunity to grow.

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Fully describe the business's activities?
International educational franchise provides lessons for under performing school age children for grades 1-12. Also helps those performers wanting to achieve A grades.

How long has the owner had the business?
Current owner bought franchise in 2010.

How does the business operate on a daily basis?
Children will have a plan developed for their needs based on their assessment outcome. They will follow then work on the plan under the supervision of a tutor.

How are the clients attracted to the business?
Internet and facebook, franchise advertising, word of mouth, pamphlets drops at schools, school news letter adverts.

Does the business have any contract work?
Clients do sign contracts.

What competition exists?
Franchisor provides territorial protection. No other international franchises.

What are the seasonal trends?
Often towards the end of year parents will register in order for children to get marks at year end.

Is the business VAT Registered?
No, vat exempt

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

How could the profitability of the business be improved?
More direct marketing to the schools in the area.

What is the total staff complement?
3 staff

How involved is the Owner in running the business?
Owner involved daily

When does the current lease end?
2020

Is there an option of renewal & what period?
Yes, new owner will secure minimum of another 2 years

What is the annual escalation %?
TBC

What are the trading hours?
mon - Fri 8-5, Sat 8-1. Lessons are after school so mornings are admin and marketing

Who is the Owner/Landlord?
A local church

What lease deposit and/or other surety is required?
TBC

What are the main assets of the business?
Fixtures & fittings, computer equip

Strengths?
Well known international brand franchise, well established, good reputation

Weaknesses?
Owner ill health limits the growth, local schools relationships have not been developed

Opportunities?
Build relationships with school heads in the area

Threats?
None

What is the reason for the sale?
Ill health and age of seller

Why is this a good business?
Well established franchise with great opportunity to grow.

What is the price plus stock and the profit?
R425,000

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FRANCHISE DETAILS

Aldes Active

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

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