How long has the business been established?
The business was established in 2011
How long has the owner had the business?
The owner bought his business in 2011
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?
In which provinces/ areas are the existing franchisees located in?
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?
How could the profitability of the business be improved?
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?
What is the total staff complement?
Are they on contract?
Yes, hourly rates (+-R170 p/h) Trainers
Do any have management potential?
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)
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
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
The sky is the limit. Opportunity to target new Schools and close new agreements Corporate training
What is the reason for the sale?
Why is this a good business?
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: R935 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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Annual Turnover Amount between R 500 thousand and R 6 million