Singapore

Sell a Business

Listing ID: 3080 Last Refreshed: 26/05/2019 Total Views: 17839

Profitable Tuition Centre situated in Sengkang Hougang Area.

Hougang

Asking Price: S$35,000
  • Premise Type N/A Premise Size 51sqm
  • Monthly Rental S$4,188 Rental Desposit S$4,188
  • Revenue S$100K - 200K Cash Flow N/A
  • Gross Profit S$20K - 50K Net Profit S$20K - 50K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2013
  • Owner Role Full Time Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Lim Zhou Yu Jarrod

Reason For Sale

Furthering my studies

Description

Highly recommeneded for interested buyers who are also passionate in teaching.


I am selling the business as I will be taking up a Master programme and will be leaving the private sector for good.


Looking for a profitablewell-furnished and well-established tuition centre to take over? This is a rare location situated in a Shopping Mall near young estates like Buangkok, Seng Kang and Punggol. Surrounded by 14 primary schools and 10 secondary schools, the location is a gem in the North-East. Lots of potential to grow even with the current enrolment. 


The centre enjoys regular enquiries every day, through phone and walk-ins. Situated near music schools and childcare centre, where the density of parents with schooling children is high


No marketing has been done the past 4 years and the centre survives solely on walk-ins and referrals. 


The selling of the business includes:


1) 2 fully furnished classrooms which can comfortably sit in 8-10 students each.

2) 1 PC for adminsatrative work (worth $850)

3) 1 projector for interactive teaching and learning (worth $899)

4) 1 visualizer for teaching purposes and even for video recording of lessons (worth $350)

5) 1 Fuji-xerox office size multi-funtction copier/printer (worth $11,000)

6) Profitable, exisiting student base

7) In the heartland with large proportion of young couples with schooling children.

8) All teaching materials (Priceless)


Breakdown of revenues and expenses:


1) Monthly Revenue from Jan 2018 to April 2018

Jan: $12117.50

Feb: $7975

Mar: $10342.50

Apr: $10752.50

Average: $10296.80


2) Expenses:

Rent: $4188.32

Telco: $99

Teacher's Pay: Hourly rate (About $2000/month)

Admin Pay: $7/hr (About $600/month including CPF)

Total: $6887.30


Gross Profit/Loss

$10296.80 - $6887.30 = $3409.50


At current profit, it takes only 10 months to breakeven.



Business Operation

4pm to 9pm
Business Hour
Fuji Xerox Copier docucentre IV, Teaching materials, Advertising materials
Facilities
Student care centre situated at level 1. Do no foresee future competition in the area.
Competition
High potential for expansion. Expansion is limited by my time commitment.
Expansion Potential
Support will be provided for 2 weeks after sale
Supporting and Training

Property Information

Rent
Premise Status
until April 2019
Lease Term
In a shopping mall
Premises Details
Yes, it can relocate to other place
Relocatable

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