Listing Id: 13518
Total Views: 15218
(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
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Revenue
N/A
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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
💽 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
Singapore