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Annual turnover

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  • Mandate: 34985
  • Added: 29 Oct 2021
  • AFS
  • 246

Franchise Study Centre well organized

Gauteng, Pretoria
246
Mandate 34985
Added 29 Oct 2021
R 485,000* ZAR
Stock: R 35,000
Assets: R 0
R 34,214 ZAR
Jannie van Vuuren
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Make you love for children, Maths and English your Business. Equip children with key life skills for learning and for life. Trained Instructors and assistants.

Franchise Study Centre well organized
SELLING PRICE AFS
R 485,000* ZAR
Stock: R35,000
Assets: R0
R 34,214 ZAR
Summary

Make you love for children, Maths and English your Business. Equip children with key life skills for learning and for life. Trained Instructors and assistants.

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Fully describe the business's activities?
Mathematics and English supplementary programs are teached at the study center or online classes at home. There are 211 active students enrolled. The study material is giving students the tools they need to enjoy learning and thrive academically. .

How long has the business been established?
20 Years in the Pretoria East area

How long has the owner had the business?
5 years and 3 Months

How does the business operate on a daily basis?
Monday and Wednesday 8h00 till 17h30 Tuesday and Thursday 8h00 till 17h15 Fridays from 08h00 till 15h45

How are the clients attracted to the business?
Good relations and excellent results. By word of mouth and the Website. a Well know Franchise brand

What Advertising/Marketing is carried out?
Social media and school adverts

Does the business have any contract work?
No

What competition exists?
Yes there are a few centres

What are the seasonal trends?
Nov,Dec,Jan and May -students may discontinue Febr,Mar,Jul, Aug and Sept - new enrolments

How did the Covid-19 pandemic impact the business turnover / daily operations?
The business went on line and there was a 25% loss during full Lockdown. Improvement since.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Started with online classes and communication is a ongoing process

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
75% Debit orders, 24% EFT and 1% cash

What is the age analysis of the debtors book?
No Debtors

How could the profitability of the business be improved?
More floor space will accommodate more scholars to increase the monthly fees.

Is Seller finance available and for what amount?
No

What is the total staff complement?
3 Staff member are employed on a full time basis and the Owner

Give a breakdown of staff/ functions/ length of service?
Training of scholars

Do any receive special perks or incentives?
1 of staff 's children are trained free of charge

Are they on contract?
Yes

Do any have management potential?
Yes, one of the staff have managerial potential

How involved is the Owner in running the business?
Daily involved

When does the current lease end?
Currently the business is operating from the Owners house and the Buyer needs to re-locate the business to an other premises in Contantia Park.

What are the trading hours?
Mon and Wed 08h00 till 17h15 Tues and Thu 08h00 till 17h30 Friday 08h00 till 15h45

What is the square meters of the business?
100 till 150 square meter is needed .

Do you require a licence?
A Consent use approval running the business from home needs to be applied for or in place earmarked for education The approval of the buyer is needed from Franchisor.

What are the main assets of the business?
Tables ,Chairs ,Shelves ,Study files and many more. A complete Asset list is available.

Are any items not included in the sale?
No

What is their overall condition?
Good to New

How have they been valued ?
Owners secondhand value

Which assets are on lease/HP and with whom?
none

Strengths?
The business is a well established franchise. The word of month and students excelling at school is its strength. Well organized scheduling structure to accommodate students.

Weaknesses?
The Kumon study program does not necessary work according to the school curriculum . Size of the Location is capped by the venue and needs to be relocated in the area.

Opportunities?
Unlimited student numbers possible as long as the venue permit.

Threats?
Competitors parents not always sure why this business is better. The relocating the business to new venue.

What is the reason for the sale?
New Business opportunities is on hand

Why is this a good business?
The Franchisor is a 60 year running worldwide company and a well known Brand. This business is a running concern with much potential.

What is the price plus stock and the profit?
The total price is R450 000.plus R35 000 for the Stock

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AGENCY DETAILS

Aldes Focus

7 members
59 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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