Fully describe the business's activities?
This online school offers the Cambridge Curriculum to learners in the Pretoria East area via an online tutoring system. Teachers offers guidance to the students with no class presentation at the premises. The school caters for special needs children.
How long has the business been established?
The owner started the business in 2016.
How does the business operate on a daily basis?
The school caters for learners from Grade 3 to Grade 12. The whole curriculum is offered via an online platform with assistance from qualified teachers.
How are the clients attracted to the business?
Word of mouth Website Facebook Page
What Advertising/Marketing is carried out?
The business operates a neat website. Many learners are attracted via word of mouth. Active Facebook Page
What competition exists?
There are plenty of role players in the private school sector.
Is the business VAT Registered?
Business is not VAT registered
Are there up-to-date Management Accounts available?
Income and expenses to be verified through the bank statements
What percentage of the business is cash/credit?
Most payments received via EFT payments. The school also uses TPN to facilitate the necessary credit checks
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
Seller will consider funding a small portion of the transaction over a period of 12 months.
What is the total staff complement?
7 Teachers 1 Gardener 1 Cleaner
Do any receive special perks or incentives?
Only paid a salary
How involved is the Owner in running the business?
One of the owners are actively involved in the day to day running of the school, the other only partly involved.
When does the current lease end?
The sellers own the property and will enter into a new lease agreement to be negotiated.
Is there an option of renewal & what period?
It is suggested that a lease agreement for 3 - 5 years with an inflation based escalation.
What are the trading hours?
5 days a week from 7:30 - 14:00
Is a copy of the lease available?
New lease to be negotiated or property to be bought
Is the property for sale?
The owners will consider selling the property. R1 750 000
What are the main assets of the business?
The core assets consist of chairs and desks in a classroom format.
Are any items not included in the sale?
All items included.
What is their overall condition?
The condition is very good. Many items brand new.
Do any require repairing?
No repairs needed.
How have they been valued ?
The owners gave us their fair value estimate of the assets.
Which assets are on lease/HP and with whom?
All assets are paid for.
The fact that the curriculum is presented online means that students can complete their grades at their own pace. The curriculum in itself is world recognized and in high demand. Low overhead costs. Small staff compliment.
No proper financials available. Low student numbers
Growing the student numbers Expanding into more areas.
Consent use and zoning for the property is not available.
What is the reason for the sale?
The seller is immigrating to the USA.
Why is this a good business?
Neatly organised and delivering a sought after curriculum via an easy to use platform. It be noted that the licensing and zoning for the school is not in place.
What is the price plus stock and the profit?
Asking price of R880 000 and an average profit of R360 000 per year.
Annual Turnover Amount between R 500 thousand and R 6 million