Fully describe the business's activities?
Premises in residential area in the West Rand that is used as a homeschool centre during the morning and an aftercare facility in the afternoon.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Children from Grade R to Grade 12 attend the homeschool center in the morning with qualified teachers to assist. In the afternoon the same premises serves as aftercare with staff making sure homework gets done, lunch is served and children have a safe space to play. Property also runs a small tuck shop
How are the clients attracted to the business?
Mostly word of mouth. Premises is located directly next to a primary school. Facebook pages exist but is currently deactivated
What Advertising/Marketing is carried out?
Very little aside from happy clients and word of mouth. There are two websites but these are mostly used for forms and administration
What competition exists?
Pre-school across the road also offers aftercare but the premises is smaller and don't function as homeschool center
What are the seasonal trends?
Serves as holiday school but with increased attendance during school terms
How did the Covid-19 pandemic impact the business turnover / daily operations?
There was a reduction in the number of children but this can be increased with targeted marketing
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Daly sanitizing of premises and equipment plus wearing of masks are compulsory
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All finances since inception are avalable
What percentage of the business is cash/credit?
Business is all cash
How could the profitability of the business be improved?
There is lots of room to start with fresh advertising campaigns not being done currently. This would increase teh attendance to pre-Covid numbers
Is Seller finance available and for what amount?
Terms dependent on each offer being presented
What is the total staff complement?
Homeschool has 5 staff who are qualified teachers Aftercare has 5 staff
Do any receive special perks or incentives?
The Aftercare staff get an additional two weeks paid vacation throughout the year which is not in their current employment contract
Are they on contract?
Do any have management potential?
Business is manager run
How involved is the Owner in running the business?
Owner is not involved in the day-to-day but business needs to be owner operated to become more successful
Any special arrangements for the staff related to the Covid-19 pandemic?
Normal Covid protocols apply
When does the current lease end?
Business run from a house with an existing bond. Premises is in the name of the business entity. Premises has been rezoned for educational purposes
What are the trading hours?
Monday to Friday from 6:30am to 6:00pm
What is the square meters of the business?
The land size is 1486 sqm
What are the main assets of the business?
House with bond plus desks, chairs, computers and other schooling equipment
Are any items not included in the sale?
Nothing is excluded
What is their overall condition?
Do any require repairing?
No repairs required if maintenance is done
Which assets are on lease/HP and with whom?
Jungle gym equipment is on lease
What are their settlement amounts?
The lease runs until January 2022
Will Seller settle or Buyer to take over?
Buyer can take over the lease agreement
Are copies of agreements available?
Are they presently insured?
Business is profitable despite lower Covid numbers. Business can scale without increasing staff or other infrastructure costs. Smaller classes means more personalized attention for each student. Rates comparable to government schools Differential is quality of care and interaction with children, ie. quality product Offers face-to-face and social interaction for students hat make use of home schooling
Lack of advertising
In an environment where children don't get into schools they want to, home schooling centers offers a great alternative at an affordable price. Advertising will help raise awareness and increase benefits of home schooling specifically Exploit move towards home schooling due to education standards in government schools Property has a pool that can be sued for swimming classes as additional revenue
Covid fears cause parents to leave their kids at home
What is the reason for the sale?
Owner relocated to KZN
Why is this a good business?
The business is profitable even during lockdown. It is a rewarding business for someone who likes to see the difference being made in a child's life Prime location to source more students Education industry is moving more and more towards home schooling as a result of the education standards and lower cost of home schooling.
Annual Turnover Amount between R 500 thousand and R 6 million