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Annual turnover

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  • Mandate: 33682
  • Added: 15 Nov 2019
  • AFS
  • 789

Skill Assessment and development business in Johannesburg

Gauteng, Johannesburg
789
Mandate 33682
Added 15 Nov 2019
R 1,045,000* ZAR
Stock: R 0
Assets: R 0
R 49,000 ZAR
Jacqui Erasmus
Aldes Focus
Gauteng
Summary

Skill Assessment and development business in Johannesburg
SELLING PRICE AFS
R 1,045,000* ZAR
Stock: R0
Assets: R0
R 49,000 ZAR
Summary

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How long has the business been established?
The business was established in 2010

How long has the owner had the business?
The owner bought his business in 2010

What is the Franchise opportunity about?
Specializes in the assessment and development of learning receptiveness skills to ensure optimum academic achievement. Development, skills and training of high school learners through assessment testing at various schools in dedicated franchise area. Sponsoring of Aptitude Assessment and learning skills development for Grade 9-12 Learners in middle to upper LSM mode.

How long has the Franchise group been establised for?
30 Years

In which provinces/ areas are the existing franchisees located in?
Country wide this franchise is located en the greater Johannesburg area

How does the business operate on a daily basis?
Facilitation and presentations at schools assessments, admin, portfolio management and skills development. Sales after assessments and class training environment at schools. Testing is done during school hours in the area and marketed providing feedback to the learners and parents.

How are the clients attracted to the business?
Portfolios and assessment. Great demand from schools and parents requesting these assessments to assist the learners. As a result of the schools being sponsored for the assessments by the business, the relationship is built and the schools allows the business to be operated on it premises. The parent evenings can then also be used for marketing opportunities

What Advertising/Marketing is carried out?
Social Media - Facebook Word of mouth Presentations at schools Agreements in place with schools A trustworthy relationship has been build up over the years

Does the business have any contract work?
Yes, contract psychometrist, psychologist, facilitators, trainers and marketers . (if owner has the skills he can fulfill some of these functions him/herself.)

What competition exists?
Very little competition Some private psychologists working at schools

What are the seasonal trends?
January - November (Closed December)

Does the Head Office assist in securing contracts (if applicable) or is it up to the individual franchisee's to do this?
Franchisee own responsibility

Are there up-to-date Management Accounts available?
Yes, available on request

What percentage of the business is cash/credit?
100% cash

How could the profitability of the business be improved?
Open more Schools and possibly enter into corporate training. Breakdown of cost per deal/packaged (if the marketing/teaching/assessment functions are done by the manager/owner himself the fixed costs are substantially lower): R5 500.00 - Cost per Deal paid by client R1 100.00 - Fixed cost = R4 400.00 profit on deal if psychological sales/teaching is done by owner/manager = R3 000.00 profit on deal of psychological sales/teaching is contracted out.

Is Seller finance available and for what amount?
No

What is the total staff complement?
All contractors

Are they on contract?
Yes, hourly rates (+-R170 p/h) Trainers

Do any have management potential?
Self Managed

How involved is the Owner in running the business?
The owner is 100% involved in the business currently (but a manager can be appointed)

What training is provided for new franchisees and staff members? Is there a cost associated with this?
Franchisor trains the new franchisee and support all the training (management and sales training)

What support and backup is offered to the franchisee?
Full support from head office

When does the current lease end?
No lease - can work from home. Assessments and training for learners done on school premises

Will Seller settle or Buyer to take over?
Buyer will take over

Strengths?
Well established for more than 25 years. Captive market with huge need for this offering Long term relationships with schools Flexible times and long holidays Work from Home No rentals

Weaknesses?
Admin Intense

Opportunities?
The sky is the limit. Opportunity to target new Schools and close new agreements Corporate training

Threats?
None encountered

What is the reason for the sale?
Emigration

Why is this a good business?
Return on investment +- 60% Your exclusive specific geographic area. Great franchise with good support. Established more than 25 years ago. Work from home. Can be self managed (only owner salary) Continuous source of business - high schools in allocated franchise area Can venture into corporate sector

What is the price plus stock and the profit?
Selling price: R950 000.00 Added in the sale is the franchise training and assistance for 12 months for the new owner (management and sales training supplied by Head Office)

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FRANCHISE DETAILS

Aldes Focus

6 members
49 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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