Listing Id: 13518
Total Views: 15930
(Sold) Tuition Centre Business For Sale
Central Area
Date Closed: 01/10/2018
Asking Price: S$150,000
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
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Rental Desposit
N/A
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
Reason For Sale
Partners Have Diffrent Business Directions
Description
π½ Established in 2011
π½ Business operation @
Farrer Park area
π½ Shop/biz operation :
ππΌ monthly rental $6000
ππΌ about 850 sq.ft.
ππΌ balance lease about 14 months
ππΌ cost of renovation about $25K
ππΌ renovated in 2016
π½ Estimated monthly gross revenue about $15,750
π½ Monthly Expenses:
ππΌ ownerβs salary (Ops) $1,000
ππΌ ownerβs salary (Teacher) $3,500
ππΌ Other teachersβ salary $5,000
ππΌ admin staff $2,500
ππΌ misc $800
π½ If buyer can teach and run ops, buyer makes $4500 per month
π½ If buyer also runs the admin function, buyer makes $7000 per month
π½ 105 students
π½ No director fee
π½ 4 directors in the company
π½ Directorβs involvement in the biz
ππΌ Teaching and ops/marketing
π½ Business name /website / Facebook
- To be disclosed during meeting with buyer
π½ Staff :
ππΌ owner/teacher full-time, the rest are all hourly rate teaching staff
π½ Operating hour :
ππΌ Mon to Fri 1pm to 8pm
ππΌ Tues closed
ππΌ Sat to Sun 9am to 5pm
π½ 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
π½ Open for joint venture with new investor ?
- Please propose
π½ Selling price $150K negotiable
Thank you & blessings
Singapore