Tuition Centre Business For Sale (已转让)

💽 Established in 2011

💽 Business operation @

Farrer Park area

💽 Shop/biz operation :

👉🏼 monthly rental $6000

👉🏼 about 850 sq.ft.

👉🏼 balance lease about 14 months

👉🏼 cost of renovation about $25K

👉🏼 renovated in 2016

💽 Estimated monthly gross revenue about $15,750

💽 Monthly Expenses:

👉🏼 owner’s salary (Ops) $1,000

👉🏼 owner’s salary (Teacher) $3,500

👉🏼 Other teachers’ salary $5,000

👉🏼 admin staff $2,500

👉🏼 misc $800

💽 If buyer can teach and run ops, buyer makes $4500 per month

💽 If buyer also runs the admin function, buyer makes $7000 per month

💽 105 students 

💽 No director fee

💽 4 directors in the company

💽 Director’s involvement in the biz

👉🏼 Teaching and ops/marketing 

💽 Business name /website / Facebook 

- To be disclosed during meeting with buyer

💽 Staff : 

👉🏼 owner/teacher full-time, the rest are all hourly rate teaching staff

💽 Operating hour :

👉🏼 Mon to Fri 1pm to 8pm

👉🏼 Tues closed

👉🏼 Sat to Sun 9am to 5pm

💽 Current setup is 4 partners/directors. 

Easier for single owner/teacher to extract value ie. $4,500 to $7,000 depending on how owner organizes the Admin function

💽 Open for joint venture with new investor ?

- Please propose

💽 Selling price $150K negotiable

Thank you & blessings