Fully describe the business's activities?
Private School offering Grade R - 9 with options of: - UMALUSI or SACAI, International Cambridge curriculum or Home Schooling. - practical training from Sage Pastel,CAD for Engineers, Architects, Landscape design, Town planner, 3D movies and TV advertising, or Aviation Pilot training. - Flexi school is another option for those that are serious about professional training in sport and participating in national competitions - E-learning offered free to parents - additional computerised classes (CAMI)
How long has the owner had the business?
The owner started up this school three years ago.
How does the business operate on a daily basis?
Situated in a lower LSM area the business also provides opportunities for additional learning for students and parents. Because the business forms part of a group of schools services provided by Head Office includes SBAâs for each subject for each term, plus PATS, Tests, Exams and Memorandums . Human Resources, Payroll and Accounting.
What Advertising/Marketing is carried out?
Adverts in Daily Sun and Record newspapers. Radio advertising Advertising boards Pamphlets
What competition exists?
Other private and government schools. Monthly fees are very competitive in the market.
What are the seasonal trends?
Very busy in the beginning of the year.
Are there up-to-date Management Accounts available?
Financial Statements ending June 2019 is available on file.
What is the age analysis of the debtors book?
About 10% of turnover bad debt
How could the profitability of the business be improved?
The business is still in a growing phase. Creating better awareness with the parents of all the avenues available
Is Seller finance available and for what amount?
Seller will consider financing a suitable candidate with a 70% deposit payable.
What is the total staff complement?
15 reliable and competent personnel
Give a breakdown of staff/ functions/ length of service?
1 x Principal - with the school since inception. She has 43 years experience 1 x Vice Principal 9 x Teachers 1 x Receptionist 1 x Cleaner 1 x Security 1 x Gardener
How involved is the Owner in running the business?
Owner is at the school 2-3 days per week. His responsibilities include collecting cash, attending meetings, manages salary payments
When does the current lease end?
The business might need to relocate and they are already looking for new premises. Currently the water and electricity is very high - 3 phase
What are the trading hours?
Monday to Friday from 7:30 - 14:00
Do you require a licence?
Yes, approved by DOE, SACAI, IMPAQ, British Cambridge and Fasset SETA, UMALUSI
ALL Accreditation in place Excellent personnel Curriculum standard enforced from Head Office
Informing the parents of all the options available to students
Does not own the property
What is the reason for the sale?
Seller wishes to emigrate.
Why is this a good business?
All systems and accreditation in place. Business in a growing phase. Support from Head Office if needed
What is the price plus stock and the profit?
Selling price of R5.5mil for 100% where the new owner does not make use of the services provided by Head Office (note all cost of sales hereof has been added back in the financials below)
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Annual Turnover Amount between R 500 thousand and R 6 million